[ferro-alloys.com]FED had started its currency policy conference yesterday. People were paying attention to the conference content. Meanwhile, the economic confidence index dropped down in Europe. It affected future market. By the end of trading, LME nickel was quoted at 14305 USD/T. It was 45 USD/T lower than the price on Monday. Compared with Shanghai future nickel 1908 contract, the discount of Russian nickel was 100 RMB/T, and the premium of Jinchuan nickel was 1700-1900 RMB/T. Today, Jinchuan did not adjust its electrolytic nickel price. It remained at 113500 RMB/T.

Today, the stainless steel was stable. The prices of main products remained the same. So, the ferronickel market kept steady today. The mainstream price of high grade ferronickel was 1030-1045 RMB/Nickel, and the price of low grade ferronickel was 3050-3250 RMB/T.

• [Editor:王可]