[ferro-alloys.com]Yesterday, both Germany and Britain preferred compromise about Brexit.People in the market enhanced their confidence about the Brexit deal. The English Pound went strong, and relatively US dollar became weak. However, the traders worried that U.S might impose tariff on $200 billion Chinese goods, the LME price dropped down a little. By the end of trading, LME nickel was quoted at 12475 USD/T, it was 15 USD/T lower than the price on Tuesday. Today, future nickel price went up and down. In general, the price lifted up a little. Compared to Wuxi 1809 contract, the premium of Russian nickel was 100 RMB/T, and the premium of Jinchuan nickel was 6000 RMB/T. The Jinchuan electrolytic nickel was quoted at 108700 RMB/T. It was 400 RMB/T higher than the price yesterday.

The stainless steel market was steady. The demand for ferronickel was not very large. Influenced by 2^nd round environmental protection inspection, the output of ferronickel was restricted. The ferronickel market remained steady. The high grade ferronickel price maintained at 1070-1090 RMB/Nickel, and low grade ferronickel was quoted at 3550-3650 RMB/T

• [Editor:王可]