[ferro-alloys.com]The nickel supply was sufficient, but the demand for nickel from downstream industry was insufficient. The nickel market was in downturn. The conference summary published by FOMC showed that it did not need to decrease interest rate unless U.S economy faced a significant change.The index of U.S dollar kept on rising, and the price of LME nickel went down.In general, LME nickel price went down.Yesterday, LME nickel was quoted at 14505 USD/T. Its inventory was 66822 tons. The demand for electrolytic nickel was insufficient in domestic market. Due to fall of LME nickel price, the electrolytic nickel price dropped down in this week. In general, the price went down.In the morning, Jinchuan quoted its electrolytic nickel at 122500 RMB/T.The barrelled small piece electrolytic nickel was quoted at 123700 RMB/T. The price of Jinchuan nickel was 122300-122500 RMB/T, and Russian nickel was quoted at 117000-117200 RMB/T.

• [Editor:王可]