[ferro-alloys.com]Due to some difficulties of China-U.S trade negotiation, the index of U.S stock went down. The main economic entities in Euro Zone cut down their forecasts of economic growth. Meanwhile, Brexit was not in good progress, so the index of British Pound dropped down, and so did the Euro index. What’s more, due to good economic data in U.S, the index of U.S dollar rose up. By the end of trading, LME nickel was quoted at 12030 USD/T. It was 170 USD/T lower than the price on last Friday. Due to downturn of LME nickel market, the trading volume of future nickel was less, and its price dropped down a little. Compared with Wuxi 1905 contract, the premium of Russian nickel was 300-350 RMB/T, and the premium of Jinchuan nickel was 3500-3600 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 99700 RMB/T. It was 200 RMB/T lower than the price yesterday. 

Due to downturn of LME nickel market, the traders were not positive in stainless steel market. The prices of main products remained the same. At present, only few deals has been made. Today, the mainstream price of high grade ferronickel was 950-960 RMB/Nickel, and the price of low grade ferronickel was 3200-3400 RMB/T.

• [Editor:王可]