[ferro-alloys.com]At present, the index of U.S dollar kept on rising. So, the commodity market was in downturn including nickel market. By the end of trading, LME nickel was quoted at 14400 USD/T. It dropped down by 185 USD/T. The future nickel market was affected by macroeconomy, its price dropped down. Compared with Shanghai future nickel 2011 contract, the discount of Russian nickel was 300-350 RMB/T, and the premium of Jinchuan nickel was 2000-2100 RMB/T. Jinchuan quoted its electrolytic nickel at 114800 RMB/T. It was 500 USD/T lower than the price on last trading day.

The stainless-steel market was stable, so was the ferronickel market. In Jiangsu, Shandong Provinces, the high-grade ferronickel price reached 1165 RMB/T at most. In Inner Mongolia and Liaoning Province, the price was 1155-1165 RMB/Nickel. The low-grade ferronickel price remained at 3300-3450 RMB/T.

• [Editor:王可]