[ferro-alloys.com]In this week, U.S government was still in shutdown status. It had influenced the forecast of U.S economy. Meanwhile, IMF dropped down economic growth exception in 2019 and 2020. So, LME nickel price went up and down this week. However, the traders were optimistic about Sino-U.S trade negotiation, and the deficit of global nickel supply increased from January to November in 2018 according to the report from INSG, the nickel price was still in high level. Yesterday, LME nickel was quoted at 11750 USD/T, and its inventory was 203088 tons. Influenced by unstable LME nickel price trend, the domestic nickel price went up and down. The Lunar New Year was coming soon, the trade volume of electrolytic nickel was less than ever.In the morning, Jinchuan quoted its electrolytic nickel at 95700 RMB/T.The barrelled small piece electrolytic nickel was quoted at 96900 RMB/T. They were both 800 RMB/T higher than the prices yesterday. The price of Jinchuan nickel was 95750-95900 RMB/T, and Russian nickel was quoted at 94700-94800 RMB/T.

·LME nickel price and its inventory detail:

• [Editor:王可]