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[ferro-alloys.com]The global trade conflict tension shocked traders’confidences in the market. Today, U.S has formally imposed 25% tariff to the Chinese imported goods. Besides, the Chinese economy performance data was not as good as people expected. So,the LME nickle price went down continuously. Although some messages showed that there were some demands for nickle in global market, it could not prevent LME nickle price from being declined.Compared to the price last week, the LME nickle price went down further. On Thursday, the LME nickle was quoted at 14195USD/T by the end of the trading. The inventory was 268392 tons. The environmental protection inspection went on this week, so the output of ferronickle was still restricted. What’s more, influenced by LME nickle price, and declining of the inventory, the electrolytic nickle price went down largely this week. Today, Jinchuan quoted its electrolytic nickle at 112500RMB/T. It was 300 lower than the price on Thursday. The barrelled small piece electrolytic nickle was quoted at 113700RMB/T. The price of Jinchuan nickle was 112300-112900RMB/T, and the Russian nickle was quoted at 112000-112600RMB/T.

The LME nickle price and inventory detail

• [Editor:王可]