[ferro-alloys.com]Yesterday, U.S economy kept strong, U.S dollar rose up sharply. U.S President Trump announced that U.S would impose automobile tariff. That made U.S stock index dropped down largely. So, the LME nickel price went down by 70 USD/T yesterday. By the end of trading, LME nickel was quoted at 11345 USD/T. Influenced by LME nickel price trend, Russian nickel price dropped down a little. Due to the lack of Jinchuan nickel spot goods, Jinchaun nickel price did not drop down today. Jinchuan quoted its electrolytic nickel at 105000 RMB/T, it was 500 RMB/T higher than the price yesterday.

The stainless steel market was still in downturn. Especially 304 series stainless steel product, its price kept on dropping. Besides, LME nickel price kept on declining. It affected high grade ferronickel market. Today, the price of high grade ferronickel fell down. The mainstream price was 1020-1040 RMB/Nickel. The low grade ferronickel price kept steady. It was quoted at 3550-3650 RMB/T.

• [Editor:王可]