[ferro-alloys.com]On last Friday，Sino-U.S trade tension released a little. European Union made compromise with Britain about Brexit in stage. U.S dollar went down a little. Relatively, LME nickel price rose up. By the end of trading, LME nickel was quoted at 11935 USD/T. It was 105 USD/T higher than the price on last Thursday. In the morning, the nickel trading volume was insufficient. In earlier period, the steel plants had accquired enough resources. So, Shanghai Future nickel price fell down in the morning. Compared to Wuxi 1811 contract, the premium of Russian nickel was 400-500 RMB/T, and the premium of Jinchuan nickel was 8000 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 106000 RMB/T. It was 500 RMB/T lower than the price on last Friday.

The stainless steel market kept steady today. Recently, it was said that several newly established ferronickel plants would start their production, and they planed to sell their product to their domestic customers. It shocked high grade ferronickel market today, and the price went down. The mainstream price was 1030-1045 RMB/Nickel. Low grade ferronickel market kept steady. The price remained at 3550-3650 RMB/T.

• [Editor:王可]