[ferro-alloys.com]It was said that U.S might impose tariff on $200 billion Chinese goods. The message made traders lost their confidence in the market. Meanwhile, the currency of emerging market countries devalued largely, and U.S dollar kept strong trend. Relatively, the metal price including nickel price went on dropping. By the end of trading, LME nickel was quoted at 12470 USD/T, and its inventory was 238326 tons. LME nickel price went on declining. A large amount of Russian nickel flew into domestic market. The supply exceeded demand. So, the future nickel price kept on dropping this week.In the morning, Jinchuan quoted its electrolytic nickel (big board) at 108500 RMB/T. It was 200 RMB/T lower than the price yesterday. The barrelled small piece electrolytic nickel was quoted at 109700 RMB/T. The price of Jinchuan nickel was 108400-108500 RMB/T, and Russian nickel was quoted at 102700-102800 RMB/T.

LME nickel price and its inventory detail:

• [Editor:王可]