[ferro-alloys.com]U.S started to negotiate with China. The intense trading situation was released. The market benefited from it. LME nickel price kept on rising on last Friday. By the end of trading, the LME nickel was quoted at 13550 USD/T. It was 210 USD/T higher than the prices on last Thursday. Affected by the rising of LME nickel price and continuing decline of domestic and foreign nickel inventory, the prices of future nickel in all contracts went up largely in the morning. Compared to Wuxi 1809 contract, the premium of Russian nickel was 300 RMB/T, and the premium of Jinchuan nickel was 1800 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 113000 RMB/T. It was 1800 RMB/T higher than the price on last Friday.

Today,influenced by the rising of nickel market, the transaction price went on rising in the stainless steel market. Due to the insufficient trading volume of stainless steel, the ferronickel was not in great demand. Indonesian government took back the nickel ore export permits of three enterprises. The domestic and foreign inventory declined continuously. These news was good for ferronickel market. So, the price of ferronickel kept steady. Today, the price of high grade ferronickel was 1070-1090 RMB/Nickel in Inner Mongolia. In Shandong, Jiangsu and Liaoning Provinces, the high grade ferronickel was quoted at 1080-1090 RMB/Nickel. The low grade ferronickel price maintained at 3250-3350 RMB/T.

• [Editor:王可]