[ferro-alloys.com]Chinese export situation was not as good as people’s expectation. So, people were not optimistic with forecast of global economy. Indonesia is still exporting nickel ore. The nickel supply was sufficient. LME nickel price went down. By the end of trading, LME nickel was quoted at 13320 USD/T. It was 170 USD/T lower than the price on last Friday. The supply of future nickel increased in domestic market, and LME nickel price dropped down. So, the price of future nickel went down relatively.Compared with Shanghai future nickel 2001 contract, the premium of Russian nickel was 800-900 RMB/T, and the premium of Jinchuan nickel was 5000-5200 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 110500 RMB/T. It was 900 lower the price yesterday. 

Several newly-built Indonesian ferronickel production line has been put into production. Some are going to start their productions next year. So, the ferronickel supply was relatively sufficient. Meanwhile, the stainless steel market was still in downturn. The price was kept in lower level. Today, the mainstream of high grade ferronickel was 960-970 RMB/Nickel point, and the price of low grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]