[ferro-alloys.com]On last Friday, U.S dollar went strong, the values of Argentinean Peso, Turkish Lira and South African Rand dropped down largely. Relatively, the metal price including LME nickel price declined. By the end of trading, LME nickel was quoted at 12810 USD/T. It was 500 USD/T lower than the price on last Thursday. A large amount of Russian nickel flew into the domestic market, the supply exceeded demand in the market. U.S might impose tariff on $200 billion China exported goods. So, the future nickel prices dropped down largely in Shanghai Future Exchange.Compared to Wuxi 1809 contract, the premium of Russian nickel was 100 RMB/T, and the premium of Jinchuan nickel was 4000 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 109000 RMB/T. It was 2400 RMB/T lower than the price on last Friday. 

Due to the declining of LME nickel and oversupply of Russian nickel in domestic market, the price of high grade ferronickel went down today. It was quoted at 1070-1090 RMB/Nickel. The 201 series stainless steel market kept steady, so the low grade ferronickel price remained at 3550-3650 RMB/T.

• [Editor:王可]