[ferro-alloys.com]It was said by foreign media that Indonesian Government had decided to forbid nickel ore export since next year. So, nickel market was in upturn. By the end of trading, LME nickel was quoted at 17960 USD/T. It was 50 USD/T higher than the price on last Friday. The price of Shanghai future nickel lifted up sharply in the morning. Jinchuan was positive in the market. Many deal had been made. Compared with Shanghai future nickel 1910 contract, the discount of Russian nickel was 100-200 RMB/T, and the premium of Jinchuan nickel was 200-400 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 147500 RMB/T, it was 11000 RMB/T higher than the price on last Friday.

Due to upturn of nickel market, the price of stainless steel rose up largely, so did the ferronickel price. The high grade ferronickel was quotd at 1150-1170 RMB/Nickel.The low grade ferronickel was 3250-3300 RMB/T.

• [Editor:王可]