[ferro-alloys.com]Yesterday, U.S dollar index rose up. The trade tension between China and U.S continued. People were worried about forecast of energy demand. The price of crude oil dropped down. By the end of trading, LME nickel was quoted at 12040 USD/T. It was 110 USD/T lower than the price on Tuesday. Today, the trade volume of future nickel was less in Shanghai. Due to LME nickel price trend, the future nickel price kept on falling. Compared with Wuxi 1906 contract, the discount of Russian nickel was 100 RMB/T, and the premium of Jinchuan nickel was 600 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 98700 RMB/T. It was 500 RMB/T lower than the price yesterday.

The price of stainless steel kept on dropping. Meanwhile, the falling of LME nickel price affected ferronickel market. The price fell down again today. The mainstream price of high grade ferronickel was 940-955 RMB/Nickel, and the price of low grade ferronickel was 3200-3400 RMB/T.

• [Editor:王可]