[ferro-alloys.com]This week, LME week conference was held in London. The attenders regarded nickel as the most promising metal in 2019. Encouraged by the good news, LME nickel price kept on rising in early period of this week. Later, as the conference ended, the effect of good news gradually faded away. Meanwhile, U.S stock crashed. It influenced the nickel future market. LME nickel price dropped down largely. By the end of trading, LME nickel was quoted at 12705 USD/T, and its inventory was 224928 tons. In general, LME nickel price was not steady this week. Effected by the LME price trend, the electrolytic nickel price went up and down in domestic market.In the morning, Jinchuan quoted its electrolytic nickel (big board) at 110500 RMB/T. It was 500 RMB/T higher than the price yesterday. The barrelled small piece electrolytic nickel was quoted at 111700 RMB/T. The price of Jinchuan nickel was 110400-110500 RMB/T, and Russian nickel was quoted at 104400-104550 RMB/T.

LME nickel price and its inventory detail:

• [Editor:王可]