[ferro-alloys.com]In this week, FED announced that they would maintain the federal fund rate between 2.25% to 2.5%, and they implied that they would reduce interest by the end of this year. Besides, U.S president made a phone call with Chinese president. Both of them agreed to resume trade talks. People were encouraged in the market. LME nickel price went up this week. Yesterday, LME nickel was quoted at 12325 USD/T, and its inventory was 169086 tons. The supply of future nickel was sufficient in the market this week, but the trading volume was less. So, the price of electrolytic nickel dropped down in general.In the morning, Jinchuan quoted its electrolytic nickel at 98800 RMB/T.The barrelled small piece electrolytic nickel was quoted at 100000 RMB/T. They were both the same as the prices yesterday. The price of Jinchuan nickel was 99200-99500 RMB/T, and Russian nickel was quoted at 98400-98700 RMB/T.

·LME nickel price and its inventory detail:

• [Editor:王可]