[ferro-alloys.com]Yesterday, the index of U.S dollar kept steady. FED conference summery showed that FED would be patient with future economic situation. Meanwhile, the inventory of U.S crude oil increased a lot last week, the oil price down. By the end of trading, LME nickel price was quoted at 11970 USD/T. It was 120 USD/T lower than the price on Tuesday. Today, the price of future nickel dropped down, the traders were not positive in the market. Compared with Wuxi 1906 contract, the premium of Russian nickel was 200 RMB/T, and the premium of Jinchuan nickel was 1400 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 98000 RMB/T. It was 800 RMB/T lower than the price yesterday. 

Today, the stainless steel market kept steady. The prices of main products almost remained the same. At present, people still predict that the output of ferronickel will increase in the future. Due to environmental protection supervision, the coke price rose up. It could support ferronickel market. Due to insufficient demand for ferronickel, the ferronickel price could not rise up. It remained the same today. The mainstream price of high grade ferronickel was 945-955 RMB/Nickel, and the price of low grade ferronickel was 3200-3400 RMB/T.

• [Editor:王可]