[ferro-alloys.com]Yesterday, the panic emotion by China-U.S trade war had faded away, and U.S dollar dropped down. What’s more, Australian BHP’s  Kalgoorlie nickel smelter shut down by fire. It might affect global nickel output. So, the price of future nickel lifted up in London Metal Exchange yesterday. By the end of trading, LME nickel was quoted at 12955 USD/T. It was 135 USD/T higher than the price on Tuesday.Affected by rising of nickel price and shortage of Jinchuan nickel, Shanghai Future Nickel price kept on rising today. Compared to Wuxi 1810 contract, the premium of Russian nickel was 200 RMB/T, and the premium of Jinchuan nickel was 7000 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 112300 RMB/T. It was 500 RMB/T higher than the price yesterday.

The low grade ferronickel market kept steady today. The price was remained at 3700-3800 RMB/T. Parts of high grade ferronickel plant resumed their productions. The output was becoming more and more stable. Today, high grade ferronickel market remained steady. It was quoted at 1060-1075 RMB/Nickel.

• [Editor:王可]