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[ferro-alloys.com]The influence by trade war between China and U.S continued this week. The traders were worried that the trade war scale may be expanded, so the LME nickel price went down in general and its inventory decreased continually. Yesterday, the LME nickel was quoted at 13405 USD/T by the end of trading, and its inventory was 261108 tons.The LME nickel price went down this week, and the Chinese economic index was not as good as people expected. So, the electrolytic nickel price went down largely, even the price of Jinchuan nickel was lower than 110000RMB/T, and so was the Russian nickel price. Today, Jinchuan quoted its electrolytic nickel at 110000RMB/T. It was 500 lower than the price on Thursday. The barrelled small piece electrolytic nickel was quoted at 111200RMB/T. The price of Jinchuan nickel was 109400-109600RMB/T, and the Russian nickel was quoted at 108500-108650RMB/T.

The LME nickel price and inventory detail

• [Editor:王可]