[ferro-alloys.com]Yesterday, the President Trump announced that U.S. would quit the Iranian nuclear deal and restart the sanction to Iran. Affected by the news, the oil price increased, and USD went up strongly. Relatively, the metal price went down. The LME nickle was quoted at 13905USD/T. It was lower than the price on the last trading day.Compared to Wuxi 1806 contract, the premium of Russian nickle was 500RMB/T,and Jinchuan nickle premium was 950RMB/T. Today，Jinchuan quoted its electrolytic nickle (big board) at 104400RMB/T. The traders were not positive in the market, and the mainstream price was 103900-104400RMB/T.

The high grade ferronickle purchase price by Taiyuan Iron and Steel in May was 10-20RMB/T higher than the price last month. Besides, Qsingshan announced their high grade ferronickle purchase price. It was 1020-1025RMB/T. It encouraged traders in the high grade ferronickle market. At present, the stainless steel spot stock is short, and the steel plants maintain the price. So, the price of high grade ferronickle could be kept in the high level. Now the high ferronickle is quoted at 995-1010RMB/nickle, and the low grade ferronickle maintains at 3000-3050RMB/T.

• [Editor:王可]