[ferro-alloys.com]On last Friday, U.S stock index dropped sharply. The macro market was shocked again. Prices of most metals declined largely, including nickel price. By the end of trading, LME nickel was quoted at 11880 USD/T. It was 305 USD/T lower than the price on last Thursday. Influenced by fall of LME nickel price, Shanghai Future nickel price went down largely in general. Compared to Wuxi 1811 contract, the premium of Russian nickel was 400 RMB/T, and the premium of Jinchuan nickel was 7500 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 106500 RMB/T. It was 1500 RMB/T lower than the price on last Friday

The stainless steel market was still in downturn. Only few trades was completed. Due to the fall of nickel market, the price of high grade ferronickel dropped down a little today. It was quoted at 1055-1070 RMB/Nickel. The price of low grade ferronickel kept steady today. It was quoted at 3650-3750 RMB/T.

• [Editor:王可]