[ferro-alloys.com]In this month, FED had announced that they would not decrease interest rate during their policy conference. So, the index of U.S dollar remained in higher level. Besides, Indonesian Government had resumed their nickel ore export, the supply of nickel ore became sufficient. So, LME nickel price kept on dropping in this month.Yesterday, LME nickel was quoted at 13990 USD/T. Its inventory was 67542 tons. The demand for future nickel from downstream was insufficient, so people were not positive in future nickel market. Due to fall of LME nickel price, the electrolytic nickel price was in lower level. In the morning, Jinchuan quoted its electrolytic nickel at 116000 RMB/T.The barrelled small piece electrolytic nickel was quoted at 117200 RMB/T. The price of Jinchuan nickel was 116000-117000 RMB/T, and Russian nickel was quoted at 111600-112500 RMB/T.