[ferro-alloys.com]The economic situation of U.S was in good condition, people had not been worried about U.S economy. So，the index of U.S dollar went up. By the end of trading, LME nickel was quoted at 12410 USD/T. It was 250 USD/T lower than the price on last trading day. Due to fall of LME nickel price, the price of Shanghai future nickel went down. Compared with Wuxi 1905 contract, the premium of Russian nickel was 800 RMB/T, and the premium of Jinchuan nickel was 3200-3300 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 101000 RMB/T, it was 400 RMB/T lower than the price yesterday.

LME nickel price kept on falling, and the stainless steel market was affected. The prices of main proeucts dropped down again. So, the price of ferronickel was kept on lower level. Today, the mainstream price of high grade ferronickel was quoted at 970-985 RMB/Nickel, and the price of low grade ferronickel was 3200-3400 RMB/T.

• [Editor:王可]