[ferro-alloys.com]Yesterday, more and more people were expecting that U.S FED would reduce interest. The index of U.S dollar dropped down. Meanwhile, China and U.S has had a trade negotiation between their senior officials. It encouraged people in the market. So, the nickel price rose up. By the end of trading, LME nickel was quoted at 12190 USD/T. It was 75 USD/T higher than the price on last Friday. Today, the price of future nickel kept on rising, and the supply of Jinchuan nickel was still insufficient. Compared with Wuxi 1907 contract, the premium of Russian nickel was zero,and the premium of Jinchuan nickel was 1200 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 100000 RMB/T. It was 800 RMB/T higher than the price yesterday.

The stainless steel market was stable today, so was the ferronickel market. 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]