[ferro-alloys.com]Influenced by forecast of raising interest rate by US FED, U.S dollar kept strong. However, G20 Summit will be held, and its forecast is uncertain. The investors became cautious. LME nickel price rose up a little yesterday. By the end of trading, LME nickel was quoted at 10880 USD/T. It was 5 USD/T higher than the price on last trading day. The traders were cautious in general, both electrolytic nickel price trend and Shanghai future nickel price trend became more stable. Compared with Wuxi 1812 contract, the discount of Russian nickel was 100-150 RMB/T, and the premium of Jinchuan nickel was 10000 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 99000 RMB/T. It was the same as the price yesterday. 

The trading volume of stainless steel was insufficient. The demand for ferronickel was still in low level. Besides, influenced by cautious atmosphere in future market, the high grade ferronickel price remained the same as the price yesterday.The mainstream price was 955-970 RMB/Nickel. The low grade ferronickel price remained at 3500-3600 RMB/T.

• [Editor:王可]