[ferro-alloys.com] Compared to Wuxi 1804 contract, the discount of Russian nickle is about 200RMB/T,and the premium of Jinchuan nickle is 400RMB/T. Today, the price of Jinchuan electrolytic nickle(big board) is 97000RMB/T. The nickle price still decreased. Some firms didn’t have intention to purchase good. The trading was not positive. The mainstream price is between 96300RMB/T and 97200RMB/T.

At present, the high grade ferronickle market keeps steady. Influenced by the low nickle price, the price of high grade ferronickle is on pressure.The mainstream factory price is from 980RMB/nickle point to 990RMB/nickle point. Currently, the new bidding price by steel plant hasn’t been announced. The trading atmosphere is cold. The traders are short of spot goods. So they maintain their quoted price. The downstream firms are cautious.Only few trades have been completed. 

• [Editor:王可]