[ferro-alloys.com]Yesterday, the LME nickle was quoted at 14815 USD/T which was 85 USD/T higher than the price on the last trading day. Today, influenced by the declining of LME nickle price, the price of nickle in SHFE went down in the morning. Compared to Wuxi 1806 contract, the premium of Russian nickle was 500RMB/T, and the Jinchuan nickle premium was 600RMB/T. Today, Jinchuan decreased its electrolytic nickle factory price at 108000RMB/T that was 800RMB/T lower than the price yesterday. The general trading situation was not well. The mainstream price was 107800-108000RMB/T.

Recently, the traders were not positive in the stainless steel market. Only few trades completed. The prices of major products fell down. So, the price of ferronickle could not rise up. At present, the traders are keeping their goods to maintain the ferronickle price.The ferronickle price keeps steady. Today, the high ferronickle was quoted at 1025-1040RMB/nickle, the low grade ferronickle was quoted at 3200-3300RMB/T.

• [Editor:王可]