[ferro-alloys.com]Yesterday, U.S dollar started going down. American nickel import volume increased in August compared to the volume in July. What’s more, the relevant agency predicted that the global demand for nickel would be increased in the future. These news was good for nickel market. LME nickel price kept on rising. By the end of trading, LME nickel was quoted at 12665 USD/T yesterday.It was 10 USD/T higher than the price on last Friday. In domestic market, Central Bank announced that they would reduce deposit reserve ratio of some financial institutions. It encouraged future nickel market. Besides, LME nickel price kept rising. So, Shanghai Future Nickel price rose up largely 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 111200 RMB/T. It was 1700 RMB/T higher than the price yesterday.

Currently, nickel market kept on rising. As October came, the traders expected to see the increasing demand for stainless steel in the market. Besides, high grade ferronickel output was restricted. So, its price lifted up a little today. Today, high grade ferronickel was quoted at 1065-1080 RMB/Nickel. As the coal price fell, low grade ferronickel price could not lift up at present. Today, its market kept steady. The price remained at 3750-3850 RMB/T.

• [Editor:王可]