[ferro-alloys.com]Affected by Italian budget crisis and setback of Brexit, European currency went down, and U.S dollar lifted up. Relatively, LME nickel price dropped down a little. By the end of trading, LME nickel was quoted at 12460 USD/T yesterday. It was 15 USD/T lower than the price on last trading day. Influenced by declining of LME nickel price, the price of Shanghai Future Nickel went down a little. Compared to Wuxi 1811 contract, the premium of Russian nickel was 300 RMB/T, and the premium of Jinchuan nickel was 6000 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 109800 RMB/T, It was 400 RMB/T lower than the price yesterday.

Parts of stainless steel price stopped dropping today. However, the prices of nickel products dropped down, the ferronickel price could not lifted up. The market kept steady today. High grade ferronickel was quoted at 1060-1080 RMB/Nickel, and the price of low grade ferronickel remained at 3650-3750 RMB/T.

• [Editor:王可]