[ferro-alloys.com]On Monday, London Metal Exchange was closed. Today, the trading volume of future nickel increased in Shanghai, and its price rose up a little. In general, the traders were not positive in the market today. Compared with Wuxi 1905 contract, the premium of Russian nickel was 400 RMB/T, and the premium of Jinchuan nickel was 3500-3600 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 99700 RMB/T. It was 200 RMB/T higher than the price yesterday.

The stainless steel was still in downturn. The prices of main products almost remained the same. London Metal Exchange was closed and the demand by downstream industries was insufficient, the price of ferronickel was in lower level. Today, the mainstream price of high grade ferronickel was 950-960 RMB/Nickel, and the price of low grade ferronickel remained at 3200-3400 RMB/T.

• [Editor:王可]