[ferro-alloys.com]Yesterday, U.S dollar kept strong trend. Relatively, the price of nonferrous metal dropped down. By the end of trading, LME nickel was quoted at 12850 USD/T. It was 5 USD/T lower than the price on last trading day. The trading volume increased in domestic market of future nickel today. The inventory of future nickel was relatively sufficient, so the price of future nickel went down. Today, compared with Shanghai future nickel 2003 contract, the discount of Russian nickel was from 0 to 100 RMB/T, and the premium of Jinchuan nickel was 400-600 RMB/T. Jinchuan quoted its electrolytic nickel at 103500 RMB/T. It was 900 RMB/T lower than the price yesterday.

The stainless-steel market was in downturn. So, the ferronickel price remained in lower level. Today, the price of high-grade ferronickel was 960-970 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]