[ferro-alloys.com]On last Friday, U.S GDP data in 3^rd quarter conformed to people’s expection. U.S dollar rose up largely. The Christmas Festival was coming soon, the trading volume was becoming less and less. LME nickel price dropped down. By the end of trading, LME nickel was quoted at 10875 USD/T. It was 80 USD/T lower than the price on last Thursday. The traders were not positive in domestic market. Only few deals had been made. Due to falling of LME nickel price, both Jinchuan nickel price and electrolytic nickel price fell down. Compared with Wuxi 1901 contract, the discount of Russian nickel was 0-100 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 93000 RMB/T. It was the same as the price on last Friday. 

Some steel plant halted their production for overhaul. The demand for ferronickel decreased. Meanwhile, it was said that some plants had halted ferronickel output. Both supply side and demand side were in lower level. The traders kept their goods to maintain the price. Today, high grade ferronickel was quoted at 940-955 RMB/Nickel, and low grade ferronickel price was 3450-3500 RMB/T.

• [Editor:王可]