[ferro-alloys.com]In this week, the trade tension between China and U.S was released. Both sides agreed to restart trade negotiation. However, Chinese Manufacture PMI was in the lowest level since July 2016. People felt shocked in the market. In early period of this week, LME nickel price dropped down. In mid-term, people predicted that FED would decrease interest in July. So, the price of LME nickel rose up. In general, the price of LME nickel went down in general. Yesterday, LME nickel was quoted at 12380 USD/T, and its inventory was 157386 tons. In early period of this week, the traders were not positive in the future nickel market, and the price dropped down. In mid-term, the trading volume increased, and the supply of Jinchuan nickel was insufficient. So, the future nickel price went up.In general, the price of electrolytic nickel was not stable. In the morning, Jinchuan quoted its electrolytic nickel at 99000 RMB/T.The barrelled small piece electrolytic nickel was quoted at 100200 RMB/T. The price of Jinchuan nickel was 100600-100900 RMB/T, and Russian nickel was quoted at 97550-97800 RMB/T.

·LME nickel price and its inventory detail:

• [Editor:王可]