[ferro-alloys.com]In early period of this week, there were good news from Two Sessions. The Government would decrease tax rate in larger scale in the future. OPEC announced that they would insist on cutting down their output of crude oil, and oil price went on rising. So, LME nickel price kept on rising in early period of this week. In later period, the newly-added employment amount of U.S did not reach people’s expection, and Europe Central bank reduced its forecast of economic growth rate. Meanwhile, some new NPI project had put into production, and U.S dollar kept strong. So, LME nickel started to drop down in later period of this week. Yesterday, LME nickel was quoted at 13225 USD/T, and its inventory was 194622 tons. It was 1800 USD/T lower than the price yesterday. Due to good news from Two Sessions, the future nickel price went up in domestic market in early period. In later period, LME nickel price went down, and new NPI capacities had started their productions. So, the price of domestic future nickel dropped down. In the morning, Jinchuan quoted its electrolytic nickel at 105000 RMB/T.The barrelled small piece electrolytic nickel was quoted at 106200 RMB/T. They were both the same as the prices yesterday. The price of Jinchuan nickel was 105200-105400 RMB/T, and Russian nickel was quoted at 104400-104600 RMB/T.

·LME nickel price and its inventory detail:

• [Editor:王可]