[ferro-alloys.com]In early period of this week, there was some good news for nickel market. LME nickel price kept on rising. It encouraged stainless steel market. The traders were positive in the market.So, the price of high grade ferronickel rose up gradually. However, as the U.S stock crashed, LME nickel price went down， and the trading volume of stainless steel declined. So, the rising trend of high grade ferronickel price was restricted. Today, the price dropped down a little. In general, high grade ferronickel price rose up a little. In this week, the bidding price of high grade ferronickel by ZPSS was 1090 RMB/Nickel, and the bidding price by Eastern Steel was 1100 RMB/Nickel. The Ni 8%-10% ferronickel mainstream price was 1065-1080 RMB/Nickel. As the price of Coke dropped down, the low grade ferronickel price could not rise. The market kept steady this week. The Ni1.6-1.8% ferronickel mainstream price was between 3750RMB/T and 3850RMB/T.The following sheet reflect the current ferronickel price during the last few days

• [Editor:王可]