[ferro-alloys.com]People felt upset about U.S macroeconomy. So U.S stock index went down, and U.S dollar index went up. Relatively, LME nickel price dropped down by 365 USD/T. It was quoted at 16055 USD/T. Due to downturn of LME nickel market, the future nickel price went down in domestic market. Compared with Shanghai future nickel 2101 contract, the discount of Russian nickel was from 50 to 100 RMB/T, and the premium of Jinchuan nickel was 3800-4000 RMB/T. Jinchuan quoted its electrolytic nickel at 122500 RMB/T. It was 3300 USD/T lower than the price on last trading day.

Both buyer and seller did not want to give in in high-grade ferronickel market. Besides, global nickel market was in downturn. So, the high-grade ferronickel price went down. Today, in Shandong Provinces, the high-grade ferronickel price was 1030-1050 RMB/Nickel. In Jiangsu and Liaoning Provinces, the price was 1020-1040 RMB/Nickel. In Inner Mongolia, the price was 1010-1030 RMB/Nickel. The low-grade ferronickel price remained at 3300-3400 RMB/T.

• [Editor:王可]