[ferro-alloys.com]In this week, China and U.S held vice-minister negotiation in Beijing, and neither of them announced to reach an important agreement. The traders were optimistic in the market. Meanwhile, oil price was rising, and U.S FED members were cautious with raising interest rate. So, LME nickel price went up in general in this week. Yesterday, LME nickel was quoted at 11230 USD/T, and its inventory was 203274 tons. Following LME nickel price trend, the domestic nickel price went up in general this week. However, the stainless steel production was in downturn, the trading volume was not as much as people expected. So, the rising degree of nickel price was not very large. As the Sino-U.S trade negotiation ended, the positive factor had faded away. In the morning, Jinchuan quoted its electrolytic nickel at 91500 RMB/T.The barrelled small piece electrolytic nickel was quoted at 92700 RMB/T. They were both 600 RMB/T lower than the prices yesterday. The price of Jinchuan nickel was 91550-91650 RMB/T, and Russian nickel was quoted at 90700-90800 RMB/T.

·LME nickel price and its inventory detail:

• [Editor:王可]