[ferro-alloys.com]Although FED had turned to dovish position, the analyst said that the U.S economic data was stable, so the index of U.S dollar was still in high level. By the end of trading, LME nickel was quoted at 13000 RMB/T. It was 20 USD/T lower than the price on last Friday. There was almost no inventory of future nickel in Shanghai today. The traders were positive. So, the price of future used to rise up. Then, the trading volume became less, the price fell down. Compared with Wuxi 1905 contract, the premium of Russian nickel was 800-900 RMB/T, andthe premium of Jinchuan nickel was 1800 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 103200 RMB/T. It was 400 RMB/T higher than the price yesterday.

The stainless steel market was still in downturn. The prices of 304 series stainless steel dropped down, so did the prices of 201 series products. So, the price of ferronickel fell down today. The mainstream price of high grade ferronickel was 1005-1015 RMB/Nickel, and the price of low grade ferronickel was 3200-3400 RMB/T.

• [Editor:王可]