[ferro-alloys.com]U.S Federal Reserve Board announced its summary of currency conference in December in 2019. Most of officials thought that the current interest rate would ensure American economic growth, keep labor market strong and remain inflation. So, the index of U.S dollar went up. Relatively, LME nickel price dropped down. By the end of trading, LME nickel was quoted at 13775 USD/T. It was 465 USD/T lower than the price on last trading day. The trading volume of future nickel increased in domestic market today. Due to fall of LME nickel, the price of future nickel went down.Compared with Shanghai future nickel 2002 contract, the premium of Russian nickel was from -50 to 50 RMB/T, and the premium of Jinchuan nickel was 5500-5700 RMB/T.Influenced by extreme weather, the logistic was affected. So, the supply from Jinchuan was insufficient. Today, Jinchuan quoted its electrolytic nickel at 113200 RMB/T. It was 200 higher than the price on last trading day. 

The Spring Festival is coming soon. The stainless steel traders are not positive. Some steel plants have halted their production for overhaul. So, the demand for ferronickel was insufficient. The ferronickel price was stable. Today，the mainstream of high grade ferronickel was 970-1000 RMB/Nickel point, and the price of low grade ferronickel was 3300-3450 RMB/T.  

• [Editor:王可]