[ferro-alloys.com]Yesterday, U.S FED Chairman Powell made an dove faction speech. He said that the interest rate was slightly lower than neutral range. When the message spread out, U.S stock index rose up, U.S dollar went down, and LME nickel price raised up. By the end of trading, LME nickel was quoted at 10685 USD/T. It was 125 USD/T higher than the price on Tuesday. Although LME nickel price rose up, both Jinchuan nickel price and Russian nickel price did not raise up because of weaker supply-demand relationship. The nickel price kept steady in general. Compared with Wuxi 1812 contract, the discount of Russian nickel was 100-200 RMB/T, and the premium of Jinchuan nickel was 9700 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 99000 RMB/T. It was the same as the price yesterday.

Today, the prices of most stainless steel products did not drop down. They kept steady today. So, the ferronickel market was being firm. Today, high grade ferronickel price remained the same. The mainstream price was 955-970 RMB/Nickel. The low grade ferronickel price maintained at 3500-3600 RMB/T.

• [Editor:王可]