[ferro-alloys.com]The Brexit process was blocked again, and the index of British Pound dropped down largely. Besides, people predicted that growth rate of U.S economy would be decreased. They thought that it was almost certain for U.S FED to decrease interest. The index of U.S dollar went down. By the end of trading, LME nickel was quoted at 16085 USD/T  It was 125 USD/T lower than the price on last Friday.Due to price difference between Wuxi Nickel and Shanghai Nickel, the demand for Shanghai Nickel was restricted. Although the price spread decreased today, the trading volume of Wuxi Nickel was still more than the volume of Shanghai Nickel.Today, compared with Shanghai future nickel 1911 contract, the premium of Russian nickel was 0-200 RMB/T, and the premium of Jinchuan nickel was 400-500 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 129500 RMB/T, it was 1000 RMB/T higher than the price Yesterday.

Due to fall of nickel price, people were negative in ferronickel market. The demand for ferronickel was still at lower level. So, the price of ferronickel kept on dropping.The high grade ferronickel was quoted at 1160-1200 RMB/Nickel.The low grade ferronickel was 3300-3400 RMB/T.

• [Editor:王可]