[ferro-alloys.com]In this week, both Saudi Arabia and Russia agreed to cut crude oil output. People felt optimistic in macroeconomy market. LME nickel price rose up. However, it was said that Saudi Arabia and Russia might cancel the output reduction in later period. So, LME nickel price dropped down later. Besides, the index of U.S dollar was in downturn in this week. In general, LME nickel price went up in this week. Yesterday, LME nickel was quoted at 12795 USD/T. Its inventory was 232806 tons. In this week, the demand for future nickel was not sufficient in domestic market, so the trading volume was less. However, LME nickel price went up in general, the price of future nickel went up in general in this week. In the morning, Jinchuan quoted its electrolytic nickel at 104000 RMB/T. The barrelled small piece electrolytic nickel was quoted at 105200 RMB/T. The price of Jinchuan nickel was 103700-103800 RMB/T, and Russian nickel was quoted at 102500-102600 RMB/T.

• [Editor:王可]