[ferro-alloys.com]Both China and U.S had made great progress on trade negotiation. It was beneficial for global macro economy. However, the main index data was not optimistic. So, the future market could not be in upturn. Meanwhile, U.S might impose sanction on Turkey due to Middle-East Policy. The index of U.S dollar rose up, and nickel price dropped down.By the end of trading, LME nickel was quoted at 17295 USD/T yesterday. It was 230 USD/T lower than the price on last Friday. Due to fall of LME nickel price, the nickel price went down in domestic future market. Today, compared with Shanghai future nickel 1911 contract, the premium of Russian nickel was 200-300 RMB/T, and the premium of Jinchuan nickel was 500-600 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 134000 RMB/T, it was 3700 RMB/T lower than the price yesterday.

The stainless steel market was steady. Due to downturn of nickel market, the ferronickel price dropped down again.The high grade ferronickel was quoted at 1230-1260 RMB/Nickel.The low grade ferronickel was 3300-3400 RMB/T.

• [Editor:王可]