[ferro-alloys.com]Yesterday, London Metal Exchange halted exchange activities. U.S government was still in shutdown status. Donald Trump was in conflict with FED. So, after rising for a while, the rising range of U.S dollar was being less and less. Due to falling of stock index and oil price, Shanghai future nickel price fell down. Influenced by decreasing demand, both Russian nickel price and Jinchuan nickel price dropped down. Compared with Wuxi 1901 contract, the discount of Russian nickel was 100-150 RMB/T, and premium of Jinchuan nickel was 2900 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 91000 RMB/T. It was 500 RMB/T lower than the price yesterday.

By the end of the year, the inventory of stainless steel was restricted in the market, and its demand volume was insufficient. Meanwhile, some plants halted their production for overhaul.The demand for ferronickel was restricted in the market, and its price was maintained in lower level. Today, the high grade ferronickel price was 930-945 RMB/Nickel, and low grade ferronickel price was 3450-3500 RMB/T.

• [Editor:王可]