[ferro-alloys.com]Affected by trader war between China and U.S, the LME nickle price declined continuously in the early period last week. Then, some messages from the market showed that the international market had great demand in nickle. Three nickle mining enterprises did not pass the Philippine government’s review. The 1 million tons stainless steel project in Indonesia by  Qsingshan had been in production stage. These news made the LME nickle price went up in the late period of last week. However, the price went down in general compared to the price in the week before last. On last Thursday, the LME nickle was quoted at 15075USD/T by the end of the trading. The inventory was 275544 tons. Influenced by LME nickle price, and the restriction of production by domestic environmental protection policy, the electrolytic nickle price went down in the early period of last week. In the late period of last week, the electrolytic nickle price went up. In general, the electrolytic nickle prices were not steady. On last Friday, Jinchuan quoted its electrolytic nickle at 116600RMB/T. It was 200 higher than the price on last Thursday. The barrelled small piece electrolytic nickle was quoted at 117800RMB/T. The price of Jinchuan nickle was 115800-117800RMB/T, and the Russian nickle was quoted at 115700-116400RMB/T.

The LME nickle price and inventory detail

• [Editor:王可]