[ferro-alloys.com]In early period of last week, U.S dollar kept strong. Later, new edition NAFTA had been reached, and non-agricultural employment of U.S did not reach people’s expectation. So, U.S dollar dropped down a little in late period of last week. In general, U.S dollar remained strong. During the Nation Day Festival, Jinchuan got an accident. Besides, INSG forecast that global demand for nickel would be increased. These news was good for nickel market. On last Friday, LME nickel was quoted at 12655 USD/T. It was 100 USD/T higher than the price on last Thursday. In general, the price of Shanghai Future Nickel went down a little in the morning. Compared to Wuxi 1810 contract, the premium of Russian nickel was 200 RMB/T, and the premium of Jinchuan nickel was 6600 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 109500 RMB/T. It was 1000 RMB/T lower than the price before National Day Festival.

Affected by environmental protection inspection, the output of high grade ferronickel was restricted. The traders were not positive in the market. Today, the prices of ferronickel remained the same as the prices before the festival. High grade ferronickel was quoted at 1060-1075 RMB/Nickel, and low grade ferronickel was quoted at 3750-3850 RMB/T.

• [Editor:王可]