[ferro-alloys.com]Yesterday, LME nickle was quoted at 13965USD/T.It was 185USD/T higher than the price on last trading day. Today, compared to Wuxi 1805 contract, the Russian nickle premium was 400RMB/T, and the premium of Jinchuan nickle was 700RMB/T. Jinchuan quoted its electrolytic nickle(big board) at 104800RMB/T in Shanghai. In the morning, the nickle price went up and down in a higher level， and the mainstream price was between 104300-104800RMB/T.

The rising of LME nickle price affected the stainless steel market. Several stainless steel products price went up in different degree. However, the ferronickle is still over-supplied, and the bidding price hasn’t been announced. The ferronickle price is kept steady at present. The price of high grade ferrronickle is still at 980-990RMB/nickle, and the low grade ferronickle price remains at 2900-2950RMB/T 

• [Editor:王可]