[ferro-alloys.com]In this week, U.S officially started to impose 10% tariff on $200 billion Chinese goods. FED announced to raise interest rate on Wednesday. These made U.S dollar became strong in most of the week. Relatively, LME nickel price kept declining. By the end of trading, LME nickel was quoted at 12550 USD/T, and its inventory was 228870 tons. The analysts had predicted the tariff on Chinese goods in domestic. There were short of Jinchuan future nickel goods in early period of the week.So, the electrolytic nickel price kept on rising. Later, influenced by declining of LME nickel, the electrolytic nickel price dropped down. In the morning, Jinchuan quoted its electrolytic nickel (big board) at 110700 RMB/T. It was 1000 RMB/T higher than the price yesterday. The barrelled small piece electrolytic nickel was quoted at 111900 RMB/T. The price of Jinchuan nickel was 110350-110550 RMB/T, and Russian nickel was quoted at 103450-103700 RMB/T.

LME nickel price and its inventory detail:

• [Editor:王可]