[ferro-alloys.com]On last Friday, U.S GDP value in 2^nd quarter was better than people’s expectation. Some analysts said that it would not influence decreasing interest by FED. The index of U.S dollar went down a little. By the end of trading, LME nickel was quoted at 14135 USD/T. It was 105 USD/T higher than the price on last Thursday. People were cautious in future nickel market in the morning. The price dropped after rising for a period. Compared with Shanghai future nickel 1908 contract, the discount of Russian nickel was 150-200 RMB/T, and the premium of Jinchuan nickel was 1800 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 111500 RMB/T. It was 1000 RMB/T lower than the price on last Friday.

The stainless steel market was still in downturn. The prices of some products kept on dropping. The ferronickel output is increasing, and its supply will be more sufficient. The ferronickel price may not rise up in the future. Today, the price of ferronickel was stable. The mainstream price of high grade ferronickel was 1030-1045 RMB/Nickel, and the price of low grade ferronickel was 3050-3250 RMB/T

• [Editor:王可]