[ferro-alloys.com]In early period of this week, U.S started to impose sanction on Iran. The price of oil went up. Relatively, the LME nickel price kept rising in several days. Yesterday, affected by the tension of global trading and good index of U.S economy, the LME nickel price went down again. By the end of trading, the LME nickel price was 13880 USD/T, and its inventory was 249720 tons. Influenced by the LME nickel price trend and declining of inventory worldwide, the price of electrolytic nickel went up in general this week. Today, Jinchuan quoted its electrolytic nickel at 115000RMB/T. It was 500 lower than the price on Thursday. The barrelled small piece electrolytic nickel was quoted at 116200RMB/T. The price of Jinchuan nickel was 114900-115000RMB/T, and the Russian nickel was quoted at 113250-113350RMB/T.

The LME nickel price and inventory detail

• [Editor:王可]