[ferro-alloys.com]This week, U.S announced to impose 10% tariff on $200 billion Chinese imported goods. The analysts had forecasted the result before. So, after declining of LME nickel price on Monday, the price did not kept on dropping this week. It was said that there existed some demands for nickel in the global market which was good for nickel market. So, nickel price kept on rising in most of the time this week. By the end of trading, LME nickel was quoted at 12650 USD/T, and its inventory was 232098 tons. In early period of this week, a large amount of Russian nickel flew into the market. So, the electrolytic nickel price went on dropping on Monday and Tuesday. Later, encouraged by rising of LME nickel, the price started rising since Wednesday. In the morning, Jinchuan quoted its electrolytic nickel (big board) at 110700 RMB/T. It was 1000 RMB/T higher than the price yesterday. The barrelled small piece electrolytic nickel was quoted at 111900 RMB/T. The price of Jinchuan nickel was 110100-110400 RMB/T, and Russian nickel was quoted at 103950-104100 RMB/T.

LME nickel price and its inventory detail:

• [Editor:王可]