[ferro-alloys.com]On last Friday, the inflation data of U.S economy was less than people’s expection, and people were worried about its economic structure. So, the index of U.S dollar went down. By the end of trading, LME nickel was quoted at 12435 USD/T. It was 110 USD/T higher than the price on last Thursday. The trading volume of Shanghai future nickel was less today. The price was not adjusted largely. Compared with Wuxi 1905 contract, the premium of Russian nickel was 500 RMB/T, and the premium of Jinchuan nickel was 3200 RMB/T. Today, Jinchuan didn’t adjusted its electrolytic nickel price. It remained at 101200 RMB/T.

Now, more and more ferronickel capacities had been put into production. Due to downturn of stainless steel market, the steel firms were not eager to buy more ferronickel. So, the price of ferronickel kept on dropping. Today, the mainstream price of high grade ferronickel was 950-960 RMB/Nickel, and the low grade ferronickel was quoted at 3200-3400 RMB/T.

• [Editor:王可]