[ferro-alloys.com]Recently, the index of U.S dollar kept on dropping. Philippine had left export ban of some nickel ore exporter. It was good news for global nickel market. So, by the end of trading, LME nickel was quoted at 13800 USD/T. It rose up by 165 USD/T. Due to upturn of LME nickel market, the price of future nickel was in higher level in domestic market today. The demand for future nickel was insufficient, and the trading volume was less. Compared with Shanghai future nickel 2008 contract, the discount of Russian nickel was 300-400 RMB/T, and the premium of Jinchuan nickel was 200-300 RMB/T. Jinchuan quoted its electrolytic nickel at 110300 RMB/T. It was the same as the price on last trading day.

Recently, the stainless-steel market was in upturn, and the ferronickel purchaser raised their purchase price. Today, the mainstream price of high-grade ferronickel was 960-970 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]