[ferro-alloys.com]Yesterday, U.S Economic Index in 2^nd period announced by Department of Commerce was better than people expected. The U.S dollar went strong. Relatively, the nickel price dropped down in London Metal Exchange. By the end of trading, LME nickel was quoted at 13450 USD/T. It was 185 USD/T lower than the price on last trading day. In the morning, affected by the declining of LME nickel price, the prices of Shanghai Future nickel in all contracts went down a little. Compared to Wuxi 1809 contract, the premium of Russian nickel was zero, and the premium of Jinchuan nickel was 3000 RMB/T. Jinchuan quoted its electrolytic nickel at 113000 RMB/T.

Influenced by the environmental protection inspection, the output of the ferronickel was restricted,so was the supply of ferronickel in the market.Parts of large steel plants halted their production for overhaul. The amount of stainless steel spot was relatively low.So, the demand for ferronickel was limited. Today, the ferronickel market kept steady. In Inner Mongolia, the price of high grade ferronickel was 1080-1100 RMB/Nickel. In Jiangsu, Shandong and Liaoning Provinces, the high grade ferronickel was quoted at 1085-1105 RMB/Nickel. The low grade ferronickel price maintained at 3400-3500 RMB/T

• [Editor:王可]