[ferro-alloys.com]On Friday, FED strengthened the expection of interest rate increasing in December. It raised U.S dollars. Relatively, LME nickel price dropped down sharply. By the end of trading, LME nickel was quoted at 11415 USD/T. It was 350 USD/T lower than the price on last trading day. Influenced by declining of LME nickel price, Shanghai Future nickel price went down largely in the morning. Compared with Wuxi 1811 contract, the premium of Russian nickel was 250-300 RMB/T, and the premium of Jinchuan nickel was 10500 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 104500 RMB/T. It was 1500 RMB/T lower than the price on last Friday.

The stainless steel market was still in downturn. The prices of all kinds of stainless steel products dropped down today. Besides, nickel market was in downturn, the price went down sharply. It affected high grade ferronickel market. The mainstream price was 1025-1040 RMB/Nickel. It was lower than the price on last Friday. The low grade ferronickel price kept steady today. It remained at 3550-3560 RMB/T

• [Editor:王可]