[ferro-alloys.com]The Business Climate Index of Germany rose up for the frist time in the last 7 month. British Parliment approved amendment motion of Brexit deal, and the parliment started to lead Brexit Deal. The index of British Pound rose up, and the index of U.S dollar went down relatively. People were still worried about global economic forecast. So, LME nickel was still in lower trend. By the end of trading, LME nickel was quoted at 12955 USD/T. It was 20 USD/T lower than the price on last Friday. The traders were not positive in nickel future market today. Besides, the price of LME nickel fell down a little. So, the price of Shanghai future nickel went down a little. Compared with Wuxi 1904 contract, the premium of Russian nickel was 2600 RMB/T, and the premium of Jinchuan nickel was 3000-3100 RMB/T. Today, Jinchuan didn’t adjust its electrolytic nickel price. It was remained at 103200 RMB/T.

The price of stainless steel kept on dropping. More and more plants started to produce ferronickel. So, the ferronickel price went on falling today. The mainstream price of high grade ferronickel was 1030-1040 RMB/Nickel, and the price of low grade ferronickel was 3250-3450 RMB/T.

• [Editor:王可]