[ferro-alloys.com]At present, the trade conflict between China and U.S still affected the confidence of traders in the market. The index of Chinese economy in the second quarter was not as good as people expect. These factor made the LME nickel price went down further. Yesterday, LME nickel was quoted at 13630USD/T. Influenced by the LME nickel price trend, the future nickel in all contracts declined largely. Compared to Wuxi 1808 contract, the premium of Russian nickel was 100RMB/T, and the premium of Jinchuan nickel was 750RMB/T. Today, Jinchuan quoted its electrolytic nickel (big board) at 110500RMB/T. The mainstream price was 109450-110200RMB/T.

The LME nickel price went down, and some steel plants halted their productions. It shocked the ferronickel market. The price decreased further.Today，high grade ferronickel was quoted at 1070-1085RMB/Nickel, and low grade ferronickel price was remained at 3400-3500RMB/T. 

• [Editor:王可]