[ferro-alloys.com]Compared to Wuxi 1084 contract, the Russian nickle premium is between 400RMB/T and 500RMB/T, and Jinchuan nickle premium is between 100RMB/T and zero. Today, the big broad Jinchuan nickle price is 103100RMB/T.The merchants quoted positively, but the downstream was afraid of high price, and the trading amount was small. The mainstream price was from 102700RMB/T to 103300RMB/T

The rising of LME nickle supported the domestic high grade ferronickle to some extent. The factory price was firm. Today, the high grade ferronickle price was between 1000RMB/Nickle point to 1010RMB/Nickle point. However, the demand of ferronickle is not as large as people expected before. The price may go steady in this period.According to the market message, some plants had stop production for overhaul, and the low grade ferronickle supply would be decreased. As the requirement keeps steady, the price of low grade ferronickle may rise up slightly in the future.

• [Editor:王可]