[ferro-alloys.com]The future market was affected by the China-U.S trade tension situation. In early period of this week, China and U.S started their negotiation. It encouraged the traders in the future market. Besides, U.S president Trump criticized the Federal Reverse for increasing interest rate, and the U.S dollar trend became weak. Relatively, LME nickel price lifted up. In the later period, U.S started to impose 25% tariff on $16 billion dollar Chinese imported goods, and U.S and China didn’t make a breakthrough about the trade tension. So the nickel price went down in late period of this week. Yesterday, the future nickel was quoted at 13240 USD/T in London Metal Exchange by the end of trading, and its inventory was 243552 tons. In general, the LME nickel price dropped down a little. Influenced by LME nickel price trend, the electrolytic nickel price was not steady this week. In the morning, the price of Jinchuan electrolytic nickel dropped down by 800 RMB/T. It was quoted at 111500 RMB/T, and the barrelled small piece electrolytic nickel was quoted at 112700 RMB/T.The price of Jinchuan nickel was 111250-111400RMB/T, and the Russian nickel was quoted at 109500-109650RMB/T.

The LME nickel price and inventory detail

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• [Editor:王可]