[ferro-alloys.com]Yesterday, Euro and British Pound kept on rising. U.S dollar went on dropping. Meanwhile, U.S stock index declined largely. LME nickel price dropped down again. By the end of trading, LME nickel was quoted at 11305 USD/T. It was 20 USD/T lower than the price on Tuesday. Influenced by LME nickel price trend, the price of Shanghai Future nickel went down in general in the morning. Compared with Wuxi 1812 contract, the premium of Russian nickel was 0-100 RMB/T, and the premium of Jinchuan nickel was 11200 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 105000 RMB/T. It was the same as the price yesterday.

The stainless steel market was still in downturn. Most of the stainless steel prices dropped down or remained at the same level today. The purchase price of high grade ferrnickel by Qsingshan was 1030 RMB/Nickel this week. None of the deal has been made.Besides,it was said that Indonesian plants would start their ferronickel production, and  Shandong Xinhai would start its production this month. These were not good for high grade ferronickel market. So, high grade ferronickel price kept on declining today. In Inner Mongolia, Jiangsu and Shandong Provinces, the high grade ferronickel price was 1005-1025 RMB/Nickel. In Liaoning Province, the high grade ferronickel was quoted at 1000-1020 RMB/Nickel. The low grade ferronickel price kept steady. The mainstream price was 3550-3650 RMB/T.

• [Editor:王可]