[ferro-alloys.com]Recently, American economy was not in good condition. The index of U.S dollar was in downturn. Relatively, LME nickel price rose up a little. By the end of trading, LME nickel was quoted at 12850 USD/T. It rose up by 45 USD/T. The supply of domestic future nickel was insufficient, the trading volume was less. So, the price went up a little. Compared with Shanghai future nickel 2008 contract, the discount of Russian nickel was 400-500 RMB/T, and the premium of Jinchuan nickel was 800-900 RMB/T. Jinchuan quoted its electrolytic nickel at 102800 RMB/T. It was 200 RMB/T higher than the price on last trading day.

The stainless-steel market was stable, so was the ferronickel market. Today, the mainstream price of high-grade ferronickel was 960-965 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]