[ferro-alloys.com]The conference summary published by FOMC showed that it did not need to decrease interest rate unless U.S economy faced a significant change. The index of U.S dollar kept on rising, and the price of LME nickel went down. Yesterday, LME nickel was quoted at 14330 USD/T. It was 310 USD/T lower than the price on Tuesday. LME nickel price kept on dropping, and the demand was insufficient, so the price of future nickel went on dropping in domestic market. The trading volume was less in spot market. Compared with Shanghai future nickel 1912 contract, the discount of Russian nickel was 2000-2200 RMB/T, and the premium of Jinchuan nickel was 6900-7300 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 122500 RMB/T. It was 2000 RMB/T lower than the price yesterday.

Due to fall of global nickel market, some merchant of ferronickel positively offer their prices for sales. However, the stainless steel market was in downturn, the trading volume was still less. Today, the mainstream price of high grade ferronickel kept on dropping. It was quoted at 1020-1040 RMB/Nickel. The low grade ferronickel was quoted at 3250-3400 RMB/T.

• [Editor:王可]