[ferro-alloys.com]The index of U.S dollar went up. People were expecting that FED would decrease interest, the rising range was restricted. Besides, Chinese economy was stable. By the end of trading yesterday, LME nickel was quoted at 13665 USD/T. It was 90 USD/T higher than the price on last Friday. The price of future nickel kept on rising. The trading volume was still less. Compared with Shanghai future nickel 1908 contract, the discount of Russian nickel was 500 RMB/T, and the premium of Jinchuan nickel was 1000 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 107500 RMB/T. 

The stainless steel market became steady. The prices of main products were stable. So, the rising trend of ferronickel price was restricted. Today, the ferronickel market was stable in general. 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]