[ferro-alloys.com]Yesterday, due to fall of Turkish Lira index, U.S dollar index went up. The crude oil price dropped down. So, LME nickel price went down. By the end of trading, LME nickel was quoted at 13050 USD/T. It was 55 USD/T lower than the price on Tuesday. Due to fall of LME nickel price, the price of Shanghai future nickel dropped down. Compared with Wuxi 1904 contract, the premium of Russian nickel was 2400-2600 RMB/T, and the premium of Jinchuan nickel was 3400-3600 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 103700 RMB/T. It was 500 RMB/T lower than the price yesterday.

At present, the stainless steel market was still in downturn. Its price kept on dropping. So, the high grade ferronickel price was still in lower level. Today, the mainstream price of high grade ferronickel was 1030-1040 RMB/Nickel, and the price of low grade ferronickel was 3250-3450 RMB/T.

• [Editor:王可]