[ferro-alloys.com]Recently, U.S GDP was in good condition. The tension between China and U.S might be eased. U.S index rose up yesterday. Meanwhile, it was said by media that OPEC might extend deadlin of output reduction. So, crude oil price lifted up. It also affected LME nickel. By the end of trading, LME nickel was quoted at 13280 USD/T. It was 105 USD/T higher than the price on last Friday. For the lack of Jinchuan nickel, the premium of Jinchuan lifted up, and nickel price went up in domestic market. Compared with Wuxi 1903 contract, the premium of Russian nickel was 100-150 RMB/T, and the premium of Jinchuan nickel was 700-800 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 106000 RMB/T. It was 700 RMB/T higher than the price yesterday.

The LME nickel price was still in higher level, so was the price of stainless steel. The supply of ferronickel was still insufficient, so the ferronickel price was still in high level. The mainstream price of high grade ferronickel kept steady today. It was 1035-1055 RMB/Nickel, and the price of low grade ferronickel maintained at 3250-3400 RMB/T.

• [Editor:王可]