[ferro-alloys.com]The pessimistic mood by China-U.S trade war had been released in the market. The global nickle inventory kept declling. It made nickle price go up. Yesterday, by the end of the trading, the price of LME nicklewas 14960 USD/T. It was 240USD/T higher than the price on last trading day. Today, affected by the rising of LME nickle, and decreasing of domestic inventory, the price of future nickle kept rising. Compared to Wuxi 1807 contract, the premium of Russian nickle was 600RMB/T, and the Jinchuan nickle premium was 700RMB/T. Today, Jinchuan quoted its electrolytic nickle (big board) at 116400RMB/T. The price was 2400RMB/T higher than the price yesterday. The mainstream price was 116050-116450RMB/T. 

According to the data from international research organization in nickle industry, the demand exceeded supply in global nickle market. Encouraged by the rising of LME nickle, the prices of some main stainless steel products went up. Many domestic ferronickle plants had not resumed their productions. These factors made the high grade ferronickle price rise up to 1065-1080RMB/Nickle. The low grade ferronickle maintained “low supply and low demand” situation. The price was still 3300-3400RMB/T.

• [Editor:王可]