[ferro-alloys.com]By the end of the trading yesterday, the LME nickle price was quoted at 15265USD/T. It was lower than the price on the last trading day. The result of G7 meeting increaed the risk of trade wars. So the traders were cautious in the market. In the morning, the LME nickle went up and down ，and the Shanghai future nickle price was on lower level. Compared to Wuxi 1806 contract, the Russian premium was zero, and the premium of Jinchuan nickle was 100RMB/T. Today, Jinchuan quoted its electrolytic nickle (big board) at 115600RMB/T.

Although the Shanghai Cooperation Conference ended, affected by the environmental protection policy, the amount of ferronickle in the market was still limited. It made the stainless steel price be kept in lower level. Today, the prices of main stainless steel products went down, and the ferronickle plants maintained their high prices. Today, high grade ferronickle was quoted at 1060-1075RMB/Nickle, and low grade ferronickle price was 3300-3400RMB/T.

• [Editor:王可]