[ferro-alloys.com]On last Friday, U.S Federal Reverse Chairman made a soft speech about inflation rate of U.S dollar. Meanwhile, China restarted counter-cyclical factors. These made US dollar drop down. Relatively, the prices of nonferrous metals including nickel rose up. By the end of trading, LME nickel was quoted at 13420 USD/T. It was 180 USD/T higher than the price on last Thursday. The domestic market was affected by the tariff on imported goods by U.S, the prices of future nickel in all contracts went on declining. Compared to Wuxi 1809 contract, the premium of Russian nickel was 100 RMB/T, and the premium of Jinchuan nickel was 2100-2400 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 110400 RMB/T. It was 1100 RMB/T lower than the price yesterday. 

 According to the message from the market, JISCO and ZPSS would halt their production for overhaul. What’s more, China-U.S trade friction also influenced the stainless steel export. The demand for ferronickel was decreased in the market. So, the price of high grade ferronickel dropped today. In Inner Mongolia, the high grade ferronickel was quoted at 1080-1100 RMB/Nickel. In Jiangsu, Shandong and Liaoning Provinces, the price of high grade ferronickel was 1085-1100 RMB/Nickel. The market of 201 series stainless steel kept steady today, so the low grade ferronickel remained at 3400-3500 RMB/T 

• [Editor:王可]