[ferro-alloys.com]Yesterday, American retail sale index didn’t reach people’s expectation. U.S dollar trend become weak. Meanwhile, former FED chairman Yellen made a speech to support interest rising of U.S dollar. Besides,  Brexit process was blocked again. These made LME nickel price went down again yesterday. By the end of trading, the LME nickel was quoted at 12585 USD/T. It was 100 USD/T lower than the price on last trading day. Influenced by declining of LME nickel price, Shanghai Future nickel price dropped down largely. Compared to Wuxi 1811 contract, the premium of Russian nickel was 150-200 RMB/T, and the premium of Jinchuan nickel was 5800 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 109200 RMB/T.It was 1600 RMB/T lower than the price yesterday. 

Today, the price of 304 series stainless steel kept steady, so did the high grade ferronickel price. The mainstream price was 1065-1080 RMB/Nickel. The 201 series stainless steel market became weak today. The prices of some products dropped down. Thus, low grade ferronickel price went down today. It was quoted at 3650-3750 RMB/T.

• [Editor:王可]