[ferro-alloys.com]Yesterday, the ADP report showed that the newly-added employment quantity did not reach people’s expection. In December in 2018, U.S trade deficits reached the highest level since October 2018. U.S index went down a little. By the end of trading, the LME nickel was quoted at 13635 USD/T. It was 15 USD/T lower than the price on Tuesday. The LME nickel could not rose up yesterday, and the trading volume of downstream firms did not reach people’s expection. So, the price of future nickel dropped down a little in domestic market. Compared with Wuxi 1903 contract, the premium of Russian nickel was 100 RMB/T, and the premium of Jinchuan nickel was 800 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 106800 RMB/T. It was 1000 RMB/T lower than the price yesterday.

Although there existed newly established ferronickel capacities in China and Indonesia, the increasing rate did not reach people’s expection. Besides, the power restriction would last for several months in Inner Mongolia. It affected supply of ferronickel. So, the price of ferronickel kept on rising. Today, the price of high grade ferronickel rose up again. It was quoted at 1045-1065 RMB/Nickel, and low grade ferronickel was quoted at 3250-3400 RMB/T.

• [Editor:王可]