[ferro-alloys.com]Although U.S economic index was weak, it didn’t collapse. U.S FED called for patience to the market. When the conference ended last week, they might not be eager to raise interest rate. Meanwhile, FED might not decrease scale of balance sheet. By the end of trading, LME nickel was quoted at 12935 USD/T. It was 30 USD/T higher than the price on last Thursday. Due to declining of added-value tax, the premium was in higher level. Compared with Wuxi 1904 contract, the premium of Russian nickel was 2500-2600 RMB/T, and the premium of Jinchuan nickel was 3500-3700 RMB/T. LME nickel price went up a little, and the trade volume of Shanghai future nickel was less in general. So, the increasing range of Shanghai future nickel price was restricted. In the morning, Jinchuan quoted its electrolytic nickel at 103500 RMB/T. It was 300 RMB/T.

At present, the traders were not positive in stainless steel market. The stainless steel price went down a little. It affected high grade ferronickel market. Its mainstream price was 1040-1050 RMB/Nickel. It dropped down a little. The price of low grade ferronickel kept steady. It remained at 3250-3450 RMB/T. 

• [Editor:王可]