[ferro-alloys.com]The non-agricultural employment data was better than people’s expectation in June. The index of U.S stock rose up. The possibility of reducing 50 base points interest decreased. On last Friday, LME nickel was quoted at 12465 USD/T. It was 85 USD/T higher than the price on last Thursday. Today, the price of future nickel rose up in the market.Only few trades has been made. Compared with Shanghai nickel 1908, the discount of Russian nickel was 300-400 RMB/T, and the premium of Jinchuan nickel was 2400-2500 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 101000 RMB/T. It was 2000 RMB/T higher than the price on last Friday.

The ferronickel capacities is being put into production. The output of ferronickel was stable. Due to downturn of stainless steel market, the demand for ferronickel was insufficient. The range of ferronickel price was narrow. In last week, the purchase price of high grade ferronickel by Dongte was 970 RMB/Nickel. It was 20 RMB/T higher than the bidding price in last period. Today, the mainstream price of high grade ferronickel was 945-960 RMB/Nickel, and the mainstream price of low grade ferronickel went down. It was 3050-3200 RMB/.

• [Editor:王可]