[ferro-alloys.com]People expected that FED would decrease interest in July in the market, and the index of U.S dollar dropped down. So, LME nickel price kept on rising. On Friday, by the end of trading, LME nickel was quoted at 13575 USD/T. It was 455 USD/T higher than the price on Thursday.Due to rising of LME nickel, the price of future nickel went up. So, the demand for future nickel decreased. Compared with Shanghai furure nickel 1908 contract, the discount of Russian nickel was 500 RMB/T, and the premium of Jinchuan nickel was 1000-1100 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 107000 RMB/T. It was 3000 RMB/T higher than the price on last Friday.

Due to rising of LME nickel price, the prices of stainless steel kept on rising. Besides, the 2^nd round Mining Inspection in Philippine also affected ferronickel market, the price of ferronickel went up again. The purchase price of high grade ferronickel by ZPSS has been risen to 1010 RMB/Nickel on last Friday. Today, the mainstream price of high grade ferronickel was 960-995 RMB/Nickel, and the price of low grade ferronickel was 3050-3250 RMB/T.

• [Editor:王可]