[ferro-alloys.com]Due to trade tension, the index of U.S dollar rose up. Relatively, LME nickel price fell down. By the end of trading, LME nickel was quoted at 12000 USD/T. It was 125 USD/T lower than the price on last Thursday. In the morning, the trading volume of future nickel was less, and its price went down. Compared with Wuxi 1906 contract, the premium of Russian nickel was 300-350 RMB/T, and the premium of Jinchuan nickel was 1600-1800 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 99200 RMB/T. It was 200 RMB/T lower than the price on last Friday.

The stainless steel market kept steady. The prices of main products almost remained the same. The bidding price of high grade ferronickel by large steel plant was not adjusted last week. Today, the mainstream price of high grade ferronickel was 945-955 RMB/Nickel, and the price of low grade ferronickel was 3200-3400 RMB/T.

• [Editor:王可]