[ferro-alloys.com]From June 15^th to June 18^th, affected by Sino-U.S.trade tariff, LME nickle price went down. By the end of the trading, LME nickle was quoted at 14980USD/T on June 18^th. In the morning, LME nickle price kept declining. Relatively, the future nickle price went down in Shanghai Future Exchange. Compared to Wuxi 1807 contract, the premium of Russian nickle was 700RMB/T, the premium of Jinchuan nickle was 800RMB/T. Today, Jinchuan quoted its electrolytic nickle (big board) at 115000RMB/T. It was 800RMB/T lower than the price on last Friday.

Influenced by domestic environmental protection policy and decrease of nickle inventory , the output of ferronickle was restricted. The price of stainless steel price went on decreasing, the market demand was insufficient. So the ferronickle price could not go up. Today, the price of high grade ferronickle was maintained at 1060-1075RMB/Nickle, and low grade ferronickle price was kept at 3300-3400RMB/T. 

• [Editor:王可]