[ferro-alloys.com]Yesterday, British Primister Theresa May overcame her truth cirsis, and Italian budget problem might be solved in the future. So,both British Pound and Euro went up. Relatively, U.S dollar went down and LME nickel rose up by 40 USD/T. By the end of trading, LME nickel was quoted at 10785 USD/T. Both supply and demand were in lower level in domestic nickel market. Shanghai future nickel price, Jinchuan nickel price and Russian nickel price dropped down. Compared with Wuxi 1901 contract, the discount of Russian nickel was 150-200 RMB/T, and the premium of Jinchuan nickel was 6900 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 95000 RMB/T. It was 500 RMB/T lower than the price yesterday. 

The stainless steel was in downturn, parts of stainless steel plants halted their production for overhaul. The import volume of ferronickel from Indonesia increased, and the domestic nickel output did not decrease. So, high grade ferronickel price kept on declining. In this week, the purchase price of ferronickel by ZPSS was 955 RMB/Nickel. It was 5 RMB/Nickel lower than the price last week. Today, high grade ferronickel fell down. The mainstream price was 925-940 RMB/Nickel. The low grade ferronickel price remained the same. It was quoted at 3450-3600 RMB/T

• [Editor:王可]