[ferro-alloys.com]Due to China-U.S trade tension, the growth rate of U.S manufacture and its economy slowed down. The index of U.S dollar dropped down from the high point in the last two years. Meanwhile, because of protest caused by Indonesia election, people were worried about nickel market. LME nickel was quoted at 12380 USD/T. It was 490 USD/T higher than the price on Thursday. Due to rising of LME nickel, the price of future nickel lifted up largely. The trading volume was still less. Compared with Wuxi 1906 contract, the premium of Russian nickel was 100 RMB/T, and the premium of Jinchuan nickel was 500-700 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 101200 RMB/T. It was 3200 RMB/T higher than the price on last Friday.

The growth rate of ferronickel capacities kept steady. However, large steel plants were not positive in ferronickel purchase. So, the ferronickel market could not rise up at present. The market was steady today. The mainstream price of high grade ferronickel was 945-955 RMB/Nickel, and the premium of low grade ferronickel was 3200-3400 RMB/T.

• [Editor:王可]