[ferro-alloys.com]It was said that both China and U.S decided to make a new round negotiation in October. Besides, the possibility of no-deal Brexit reduced. The index of British Pound rose up, and the index of U.S dollar went down. Relatively, the price of LME nickel went up largely.By the end of trading, LME nickel was quoted at 18090 USD/T. It was 190 USD/T higher than the price on Tuesday. People were positive in future nickel market. The volume increased a lot. The price of future nickel went down. Compared with Shanghai future nickel 1910 contract, the discount of Russian nickel was 100 RMB/T, and the premium of Jinchuan nickel was 300 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 143200 RMB/T, it was 2600 RMB/T lower than the price yesterday. 

Although LME nickel market was in upturn, the ferronickel could not rise up because the stainless steel market was in downturn in general. The ferronickel market was stable today.The high grade ferronickel was quotd at 1150-1170 RMB/Nickel.The low grade ferronickel was 3250-3300 RMB/T.

• [Editor:王可]