[ferro-alloys.com]Due to political tension between China and U.S, people felt shocked in the market, the main index of macroeconomy was in lower level including LME nickel price. By the end of trading, LME nickel was quoted at 13635 USD/T. It dropped down by 50 USD/T. The supply of future nickel was insufficient in domestic market, and the trading volume was less. So, the price of future nickel was in higher level. Compared with Shanghai future nickel 2008 contract, the discount of Russian nickel was 300-400 RMB/T, and the premium of Jinchuan nickel was 300-400 RMB/T. Jinchuan quoted its electrolytic nickel at 110300 RMB/T. It was 1500 RMB/T higher than the price on last trading day.

Although the stainless-steel market was in upturn, the supply-demand relationship was relatively stable, so the ferronickel price remained steady. Today, the mainstream price of high-grade ferronickel was 960-965 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]