[ferro-alloys.com]The China- U.S. trade war had been upgrading. The traders were in a panic in the market again. The nickle price decreased a lot. Yesterday, LME nickle was quoted at 14790USD/T by the end of the trading. It was 580USD/T lower than the price on last trading day. Relatively, the future nickle price went down in Shanghai Future Exchange. Compared to Wuxi 1807 contract, the premium of Russian nickle was 500RMB/T, and Jinchuan nickle premium was 600RMB/T. Today, Jinchuan quoted its electrolytic nickle at 115500RMB/T. It was 2100RMB/T lower than the price yesterday. The mainstream price was 115000-115350RMB/T
At present, it is stainless steel off-season. In the last few days, both LME nickle price and Shanghai future nickle price were in lower level. The price of stainless steel product declined today. Influenced by environmental protection policy, the output of ferronickle was restricted in production areas. The traders were not positive in the market. Today, the price of high grade ferronickle decreased a little. It was 1070-1090RMB/Nickle. The low grade ferronickle price maintained at 3350-3450RMB/T.