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[ferro-alloys.com]Recently, U.S.President Trump announced on Twitter that U.S. military would take actions in Syria for several times. It made the USD fall in the market. Relatively, the price of LME Nickle rose up. Yesterday, the price of LME nickle was 13825 USD/T.Compared to Wuxi 1805 contract, the premium of Russian nickle is 400-500RMB/T, and the premium of Jinchuan is 800-900RMB/T.Today, Jinchuan quoted its electrolytic nickle price at 101600 RMB/T. The nickle price was on high level in the morning.However, the downstream firms purchase less raw materials.The mainstream price is 101100-101700RMB/T

Recently,some high grade ferronickle plants have resumed their productions. The general production of ferronickle is rising.Now, the price of stainless steel price is still on low level. The steel plants need to control their cost. So, the price of ferronickle may not rise in a few days.At present, the high grade ferronickle remains at 960-975RMB/nickle, and the price of low grade ferronickle is 3000-3100RMB/T.  

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• [Editor:王可]