[ferro-alloys.com]A new round China-U.S trade negotiation was coming soon. People felt relatively optimistic about the negotiation forecast. Yesterday, U.S stock was closed. The price of Brent crude oil rose up. They were good for LME nickel market. The price of LME nickel was 12465 USD/T. It was 50 USD/T higher than the price on last Friday. Chinese Government published “The Development Outline of Greater Bay Area”.  purpose was to deepen cooperation among Guangdong, Hong Kong and Macao. Further more, it would optimize surrounding circumstance in Pearl River Delta. It was a good news for Chinese macro economy. Besides, encouraged by rising of LME nickel, the price of domestic future nickel went up today. Compared with Wuxi 1903 contract, the discount of Russian nickel was 300 RMB/T, and the premium of Jinchuan nickel was 100 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 98000 RMB/T. It was 800 RMB/T higher than the price yesterday.

The stainless steel market kept steaday. So, the ferronickel price remained the same today. The mainstream price of high grade ferronickel was 980-1010 RMB/Nickel, and the price of low grade ferronickel was 3250-3450 RMB/T

• [Editor:王可]