[ferro-alloys.com]In this week, both China and U.S had made a progress on trade negotiation. People felt optimistic about forecast of China-U.S trade negotiation in the future. Meanwhile, OPEC kept on cutting their output, and Venezuela Political Crisis went on. The price of crude oil was kept on high level. So, LME nickel price kept on rising. Yesterday, LME nickel was quoted at 12875 USD/T, and its inventory was 183102 tons.Although the trading volume of future nickel was less in this week, the price of electrolytic nickel went up due to rising of LME nickel. In the morning, Jinchuan quoted its electrolytic nickel at 104600 RMB/T.The barrelled small piece electrolytic nickel was quoted at 105800 RMB/T. They were 1100 RMB/T higher than the prices yesterday. The price of Jinchuan nickel was 104800-105000 RMB/T, and Russian nickel was quoted at 103950-104150 RMB/T.

·LME nickel price and its inventory detail:

• [Editor:王可]