[ferro-alloys.com]Yesterday, FED announced to decreased interest by 25 points. It confirmed to people’s expectation. The index of U.S dollar went down. Meanwhile, WBMS published a report on Wednesday. It said that the demand for nickel exceed actual output by 78.7 thousand tons from January to July in 2019. So, nickel market was in upturn in general.By the end of trading, LME nickel was quoted at 17200 USD/T. It was 155 USD/T higher than the price on Tuesday.Due to upturn of nickel market, the price of future nickel rose up. The trading volume was not as much as the volume yesterday.  Compared with Shanghai future nickel 1910 contract, the premium of Russian nickel was 0-100 RMB/T, and the premium of Jinchuan nickel was 300-400 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 136800 RMB/T, it was 800 RMB/T higher than the price yesterday. 

Due to rising of nickel market, the prices of some stainless steel products went up. Besides, the price of nickel ore lifted up this week, so did the ferronickel price.The high grade ferronickel was quotd at 1145-1165 RMB/Nickel.The low grade ferronickel was 3200-3250 RMB/T.

• [Editor:王可]