[ferro-alloys.com]Recently, the macroeconomy was in downturn. The index of U.S dollar rebounded. So, the price of LME nickel dropped down. By the end of trading, LME nickel was quoted at 12910 USD/T. It dropped down by 160 USD/T. The trading volume was less in domestic market of future nickel. Besides, global nickel market was in downturn. The price of future nickel went down. Compared with Shanghai future nickel 2007 contract, the discount of Russian nickel was 250-300 RMB/T, and the premium of Jinchuan nickel was 800-900 RMB/T. Jinchuan quoted its electrolytic nickel at 103800 RMB/T. It was 1200 RMB/T lower than the price on last trading day.

Recently, the stainless-steel market was stable, so was the ferronickel market. Today, the mainstream price of high-grade ferronickel was 965-975 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]