[ferro-alloys.com]FED Meeting Summary in September showed that most of decision makers were agreed to decrease interest, but they had different views in future monetary policy. Besides, Britain and European Union had little hope to make Brexit deal. U.S dollar index went down a little. Yesterday, LME nickel was quoted at 17340 USD/T, it was 110 USD/T lower than the price on last trading day. The demand for future nickel was insufficient, and supply was relatively abundant. So, the price of future nickel went down. Compared with Shanghai future nickel 1911 contract, the premium of Russian nickel was 0-100 RMB/T, and the premium of Jinchuan nickel was 200-300 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 137200 RMB/T, it was the same as the price yesterday.

Today, the stainless steel market was still in upturn. Due to rising of nickel ore price, the ferronickel price went up. The high grade ferronickel was quoted at 1210-1250 RMB/Nickel.The low grade ferronickel was 3250-3300 RMB/T.

• [Editor:王可]