[ferro-alloys.com]Today, the LME nickle trading started. In the noon, the price of nickle kept rising. Affected by the trend, the domestic electrolytic nickle price went up. Compared to Wuxi 1805 contract, the premium of Russian nickle was 250RMB/T, and Jinchuan nickle premium was 600RMB/T.Today, Jinchuan quoted its electrolytic nickle (big board) at 105400RMB/T.The downstream firms were not eager to make deal with sellers in the market.Only few tradings has been completed.

Influenced by the LME nickle price trend in the morning, the prices of 304 series & 201 series stainless steel products rose up again. Today, Taiyuan Steel announced its high grade ferronickle purchase price. The price was 990RMB/nickle. If the supply volume increased, the purchase price would accordingly go up. The price didn’t  reach people’s expectation, so the price of high grade ferronickle remained at 990-1000RMB/nickle. Affected by the rising of 201 series stainless steel products, the low grade ferronickle went up to 3000-3050RMB/T.

• [Editor:王可]