[ferro-alloys.com]The GDP of countries in Euro Zones was not well yesterday. U.S consumer confidence index was high. U.S dollar went up largely. Relatively, most of metal prices went down except nickel price. By the end of trading, LME nickel was quoted at 11765 USD/T. It was 25 USD/T higher than the price on Monday. Due to the rising of U.S dollar, the metal price could not rise sharply. In the morning, Shanghai Future Nickel price went down a little. Compared to Wuxi 1811 contract, the premium of Russian nickel was 500 RMB/T, and the premium of Jinchuan nickel was 8000 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 106800 RMB/T. It was the same as the price yesterday.

The stainless steel market was still in downturn. Both 201 series stainless steel price and 304 series stainless steel price dropped down today. Due to the environmental protection inspection, some ferronickel plants halted their production. Meanwhile, some plants switched to other production lines. So, the supply was restricted in the market. Today, the ferronickel market kept steady. The price of high grade ferronickel was 1050-1065 RMB/Nickel, and the price of low grade ferronickel was 3600-3700 RMB/T.

• [Editor:王可]