[ferro-alloys.com]In this week, the inventory of LME nickel kept on rising. However, Coronavirus spread around the world in this week. It shocked global economy. So, U.S FED decided to decreased the interest rate by 50 point. The index of U.S dollar went down. Relatively, the price of LME nickel went up in this week. Yesterday, LME nickel was quoted at 12895 USD/T. Its inventory was 235950 tons. In this week, the trading volume was not as large as people’s expectation. Although the price of LME nickel went up largely, the price of electrolytic nickel did not follow the trend. It was not stable in this week. In the morning, Jinchuan quoted its electrolytic nickel at 103800 RMB/T. The barrelled small piece electrolytic nickel was quoted at 105000 RMB/T. The price of Jinchuan nickel was 103900-104300 RMB/T, and Russian nickel was quoted at 102300-102600 RMB/T.

• [Editor:王可]