[ferro-alloys.com]Yesterday, LME nickle price went down a little. By the end of trading, the price was 14865USD/T. U.S. government made a speech to release the tension of China-U.S trade war. Relatively, the future nickle price went up in Shanghai Future Exchange. Compared to Wuxi 1807 contract, the premium of Russian nickle was 200RMB/T, and the premium of Jinchuan nickle was 400RMB/T. Today, Jinchuan quoted its electrolytic nickle at 116700RMB/T. The mainstream price was 116500-116900RMB/T.

At present, the governmental inspection group members are working in Inner Mongolia for environmental protection policy. The output of ferronickle was still restricted. Recently, it was said that Inner Mongolia Shangtai Industrial Co,.Ltd would resume their productions in July. The message needed to be confirmed. The bidding prices by large steel plants have not been announced.The traders were not eager to make deal in the market. The price was kept steady. Today, the high grade ferronickle was quoted at 1070-1090RMB/Nickle, and the low grade ferronickle price was 3350-3450RMB/T.

• [Editor:王可]