[ferro-alloys.com]In early period of this week, the market was in good condition because Chinese President and U.S president reached a consensus in G20 Summit. LME nickel used to rose up.However,as the effect of the good news faded away, the traders were still in doubt with Sino-U.S trade prospect. U.S FED published a brown paper.Its main content was good for U.S dollar. So, LME nickel price went up and down. Yesterday, LME nickel was quoted at 10860 USD/T. Its inventory was 210876 tons. Although LME nickel price used to go up, the price of electrolytic nickel kept on declining in most of this week due to insufficient demand for nickel in domestic market.In the morning, Jinchuan quoted its electrolytic nickel at 96500 RMB/T.The barrelled small piece electrolytic nickel was quoted at 97700 RMB/T. They were both 1000 RMB/T lower than the prices yesterday. The price of Jinchuan nickel was 96500-97000 RMB/T, and Russian nickel was quoted at 88850-89000 RMB/T.

·LME nickel price and its inventory detail:

• [Editor:王可]