[ferro-alloys.com]On last Friday, U.S economic data was well. The index of U.S dollar rose up. The price of metal including nickel went up. By the end of trading, LME nickel was quoted at 11040 USD/T. It was 190 USD/T higher than the price on last Thursday. Due to the improvement of supply-demand level and declining of domestic inventory, Shanghai future nickel price, Jinchuan nickel price and Russian nickel price went up today. Compared with Wuxi 1901 contract, the discount of Russian nickel was 200 RMB/T, and the premium of Jinchuan nickel was 6000 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 95600 RMB/T. It was 600 RMB/T higher than the price on last Friday. 

Near the end of the year, the stainless steel were short of goods. The prices of many products lifted up. Due to production restriction or overhaul, several steel plants halted their production. So, the supply for ferronickel was in lower level, and there was no room for rising of ferronickel price. Today, the ferronickel market kept steady. High grade ferronickel was quoted at 925-940 RMB/Nickel, and low grade ferronickel was quoted at 3450-3600 RMB/T.

• [Editor:王可]