[ferro-alloys.com]By the end of last week, macroeconomy was in good condition. U.S stock index rose up, and U.S dollar index went down. Relatively, LME nickel was quoted at 15945 USD/T. It rose up by 45 USD/T. Due to market of 300 series stainless-steel, the trading volume was less in domestic market of future nickel. The price rose up. Compared with Shanghai future nickel 2012 contract, the discount of Russian nickel was 0-50 RMB/T, and the premium of Jinchuan nickel was 4000-4400 RMB/T. Jinchuan quoted its electrolytic nickel at 124000 RMB/T. It was 1500 higher than the price on last trading day.

The stainless-steel market went down. The ferronickel price remained the same. In Shandong Provinces, the high-grade ferronickel price was 1100-1110 RMB/T at most. In Inner Mongolia and Liaoning Provinces, the price was 1080-1105 RMB/Nickel. In Jiangsu, the price was 1090-1110 RMB/Nickel. The low-grade ferronickel price remained at 3300-3400 RMB/T.

• [Editor:王可]