[ferro-alloys.com]LME nickel price was risen up at 13445 USD/T. It made the traders resume their confidences in the domestic market.Compared to Wuxi 1805 contract, the premium of Russian nickle is 500RMB/T, and the premium of Jinchuan nickle is 1000RMB/T. Today, Jinchuan quoted its electrolytic nickle (big board) at 101000RMB/T in Shanghai.The price of nickle rose up, and the mainstream price is between 100400RMB/T and 101000RMB/T.

Due to the resume of confidence in the domestic market, the high grade ferronickle stopped declining. The price remained at 960-980RMB/nickle point.At present, some firms of high grade ferronickle are resuming productions. As the increase of the production, the high grade ferronickle price may go down in the future.Now，the stainless steel firms aren’t in great demand for the low grade ferronickle. The price declined compared to the price yesterday. At present, the price is 3000-3100RMB/T

• [Editor:王可]