[ferro-alloys.com]Yesterday, FED president Powell implied that FED might reduce interest. Meanwhile, U.S economy was not in good condition. So, the index of U.S dollar went down. Yesterday，LME nickel was quoted at 11800 USD/T. It was 80 USD/T lower than the price on Monday. Today, the traders were more positive in future nickel market. Due to fall of LME nickel price, the price of future nickel fell down. In the morning, compared with Wuxi 1906 contract, the discount of Russian nickel was 50-100 RMB/T, and the premium of Jinchuan nickel was 900-1000 RMB/T.

The stainless steel market was in downturn. Both buyers and sellers were cautious. The trading volume was less. The demand for ferronickel was insuffcient. The ferronickel market was stable today. The mainstream price of high grade ferronickel was 940-950 RMB/Nickel, and the price of low grade ferronickel was 3200-3400 RMB/T.

• [Editor:王可]