[ferro-alloys.com]Yesterday, FED chairman Powell made a speech. He was cautious about reduction of interest. So, the expectation of decreasing interest was decreased. The price of LME nickel kept on rising. By the end of trading, LME nickel was quoted at 12310 USD/T. It was 120 USD/T higher than the price on Monday. Today, the price of future nickel rose up. People were cautious about trading in the market. Compared with Wuxi 1907 contract, the premium of Russian nickel was zero, and the premium of Jinchuan nickel was 1300 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 101000 RMB/T. It was 1000 RMB/T higher than the price yesterday.

Today, the stainless steel market was stable, 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]