[ferro-alloys.com]The U.S dollor was still in high level, and the optimistic emotion for the end of Sino-U.S. trade friction faded away in the market. Relatively, the price of nickle went down.Yesterday, LME nickle was quoted at 14605 USD/T that was lower than the price on the last trading day. The inventory was decrased to 297672 tons. Compared to Wuxi 1806 contract, the premium of Russian nickle was 550RMB/T, and the Jinchuan nickle premium was 650RMB/T. Today, the factory price of Jinchuan electrolytic nickle (big board) increaed by 200RMB/T. It was quoted at 108200RMB/T. Today, the nickle price slightly went down in SHFE. The traders were not active in the market. The mainstream price was 107950-108150RMB/T.

Influenced by the domestic environmental protection policy, the production of ferronickle decreased in Inner Mongolia and Shandong. The supply was insufficient.So the price of low grade ferronickle increased. In the last few days, the price of stainless steel products went down.So the high grade ferronickle price could not rise up. Today, the high grade ferronickle price decrased to 1025-1035RMB/nickle,and the low grade ferronickle went up at 3250-3350RMB/T.

• [Editor:王可]