[ferro-alloys.com]Yesterday, U.S dollar kept on going strongly. So, metal prices dropped down including nickel price. By the end of trading, LME nickel was quoted at 11540 USD/T. It was 225 USD/T lower than the price on Tuesday. In the morning, due to the shortage of Jinchuan nickel spot goods, there was no deal to be completed. Meanwhile, the price of Jinchuan nickel rose up a little. Influenced by the fall trend of nickel market, Russian nickel price, Shanghai future nickel price and electrolytic nickel price dropped down in the morning. Compared to Wuxi 1811 contract, the premium of Russian nickel was 550 RMB/T, and the premium of Jinchuan nickel was 8000 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 105000 RMB/T. It was 1800 RMB/T lower than the price yesterday.

In November, some large steel plant raised up their 201 series stainless steel prices. However, the 304 series stainless steel was still in downturn market, and its price kept on declining. Both demand and supply was in low level in the ferronickel market. The low grade ferronickel market kept steady today. The mainstream price ws 3600-3700 RMB/T. Affected by downturn of nickel market, the high grade ferronickel price fell down again. The mainstream price was 1045-1055 RMB/Nickel.

• [Editor:王可]