[ferro-alloys.com]In August, the trade tension between China and U.S was escalated. Global macro-economy was not optimistic. In this month, FED official made some speech. They said that they would not decrease interest in long terms. So, the index of U.S dollar was in high level. Besides, it was said that Indonesian government would forbid nickel ore export in advance. In this week, the waste from a nickel plant was leaked in Basamuk Bay area in Papua New Guinea. These messages affected the nickel market. The nickel market was in upturn.Yesterday, LME nickel was quoted at 16410 USD/T. Its inventory was 150708 tons. In this month, the trading volume was less in future nickel market. Due to rising of LME nickel price, the price of electrolytic nickel rose up in general in this month.In the morning, Jinchuan quoted its electrolytic nickel at 129500 RMB/T.The barrelled small piece electrolytic nickel was quoted at 130700 RMB/T. They were 2300 RMB/T higher than the prices yesterday. The price of Jinchuan nickel was 127000-127600 RMB/T, and Russian nickel was quoted at 126300-126900 RMB/T.

• [Editor:王可]