[ferro-alloys.com]The U.S dollar kept strong trend this week. Turkish lira U.S dollar currency rate dropped largely. The emerging market was also affected. Relatively, the metal prices including nickel price kept declining at most of the time. Yesterday, China and U.S started to hold negotiation. The good news encouraged the traders in the market. The LME nickel price rose up. By the end of trading, LME nickel was quoted at 13340 USD/T, and its inventory was 247548. In general, the LME nickel price dropped down largely. Influenced by the declining of LME nickel, electrolytic nickel price went down at most of the time. In the morning, due to the rising of LME nickel, the price of Jinchuan electrolytic nickel rose up by 1000 RMB/T. It was quoted at 111200 RMB/T, and the barrelled small piece electrolytic nickel was quoted at 112400 RMB/T.The price of Jinchuan nickel was 111650-111800RMB/T, and the Russian nickel was quoted at 110100-110350RMB/T.

The LME nickel price and inventory detail

• [Editor:王可]