[ferro-alloys.com]Due to flood, Indonesian nickel smelting plant suspended their production. It affected global nickel market. LME nickel price rose up again. By the end of trading, LME nickel was quoted at 15205 USD/T. It rose up by 200 USD/T. Due to LME nickel market, the price of future nickel rose up in domestic market. The trading volume was less. Compared with Shanghai future nickel 2010 contract, the discount of Russian nickel was 300 RMB/T, and the premium of Jinchuan nickel was 500 RMB/T. Jinchuan quoted its electrolytic nickel at 119800 RMB/T. It was 300 RMB/T higher than the price on last trading day.

The stainless-steel market was insufficient, so the price kept on rising. Meanwhile, global nickel market was in upturn. The ferronickel price went on rising. In Jiangsu, Shandong Provinces, the high-grade ferronickel price reached 1120 RMB/T at most. In Inner Mongolia and Liaoning Province, the price was 1100-1110 RMB/Nickel. The low-grade ferronickel price remained at 3300-3450 RMB/T.

• [Editor:王可]