[ferro-alloys.com]People were not optimistic with global economic situation in the future.The optimistic emotion caused by progress of China-U.S trade negotiation had faded away. FED has not ensured their future policy. The index of U.S dollar rose up a little. By the end of trading, LME nickel was quoted at 17010 USD/T yesterday. It was 285 USD/T lower than the price on Monday. The nickel supply was insufficient in domestic future market today, people were not positive in the market.So the price of future nickel went up. Today, compared with Shanghai future nickel 1911 contract, the premium of Russian nickel was 200-300 RMB/T, and the premium of Jinchuan nickel was 500-600 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 134700 RMB/T, it was 700 RMB/T higher than the price yesterday.

Today,the stainless steel market kept steady. Due to falls of LME nickel prices and nickel ore price, the ferronickel price dropped down largely. The high grade ferronickel was quoted at 1195-1230 RMB/Nickel.The low grade ferronickel was 3300-3400 RMB/T.

• [Editor:王可]