[ferro-alloys.com]Yesterday, US FED published its summary of its September conference. All the attenders thought that it was appropriate to go on raising interest rate. So, U.S dollar went up. Relatively, LME nickel price kept on declining. By the end of trading, LME nickel was quoted at 12355 USD/T. It was 180 USD/T lower than the price on last trading day. Influenced by declining of LME nickel price, the price of Shanghai Future Nickel dropped down in the morning. Compared to Wuxi 1811 contract, the premium of Russian nickel was 300 RMB/T, and the premium of Jinchuan nickel was 6200 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 108400 RMB/T. It was 600 RMB/T lower than the price yesterday.

Affected by environmental protection inspection, the output of some ferronickel plant was restricted in some regions. However, both 304 series stainless steel price and 201 series stainless steel price went on dropping today. High grade ferronickel market was affected. The mainstream price was 1060-1080 RMB/Nickel. It dropped down a little. Low grade ferronickel price kept on steady today. It remained at 3650-3750 RMB/T.

• [Editor:王可]