[ferro-alloys.com]Yesterday, Markit PMI reached the lowest level since September in 2009. The index of U.S dollar dropped down. The metal market varied in London Metal Exchange. By the end of trading, LME nickel was quoted at 14530 USD/T. It was 305 USD/T higher than the price on Tuesday. The trading volume was still less in future nickel market today. Due to rising of LME nickel price, the price of future nickel went up. Compared with Shanghai future nickel 1908 contract, the discount of Russian nickel was 200-300 RMB/T, and the premium of Jinchuan nickel was 1500-1700 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 114000 RMB/T. It was 1700 RMB/T higher than the price yesterday.

Although LME nickel price rose up, people were cautious in stainless steel market. The prices of most products were stable. So, the ferronickel market kept steady today. The mainstream price of high grade ferronickel was 1040-1060 RMB/Nickel, and the price of low grade ferronickel was 1500-1700 RMB/T.

• [Editor:王可]