[ferro-alloys.com]In early period of this week, the traders were encouraged by the good news about crude oil. So, LME nickel price used to rise up. However, the influence faded away soon. In rest of this week, there was no good news about nickel market. Besides, according to the message from INSG, global over-supply volume of nickel increased to 9000 tons. In general, LME nickel price dropped down this week. By the end of trading, LME nickel was quoted at 13400 USD/T. Its inventory reached 234960 tons. The demand for future nickel decreased, and the trading volume was relatively low . So, the electrolytic nickel price rose up in this week. In the morning, Jinchuan quoted its electrolytic nickel at 106700 RMB/T. The barrelled small piece electrolytic nickel was quoted at 107900 RMB/T. The price of Jinchuan nickel was 106800-107000 RMB/T, and Russian nickel was quoted at 106000-106200 RMB/T.

• [Editor:王可]