[ferro-alloys.com]Yesterday, the index of U.S dollar went up. It used to reach the highest level in recent month. Meanwhile, the tension in Middle East made crude oil kept in high level. By the end of trading ,LME nickel was quoted at 12090 USD/T. It was 105 USD/T higher than the price on Monday. Due to insufficient demand for future nickel, the downstream customer were pessimistic in future market. Only few deals has been made. The future nickel price dropped down. Compared with Wuxi 1906 contract, the premium of Russian nickel was 200 RMB/T, and the premium of Jinchuan nickel was 1300-1400 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 98800 RMB/T. It was 600 RMB/T lower than the price yesterday.

Today, the stainless steel market kept steady. The prices of main products almost remained the same. So, the ferronickel market kept steady today. The mainstream price of high grade ferronickel was 945-955 RMB/Nickel, and the price of low grade ferronickel was 3200-3400 RMB/T.

• [Editor:王可]