[ferro-alloys.com]Global economy was not in good condition. LME nickel was affected. Its price dropped down recently. On last Friday, LME nickel was quoted at 11200 USD/T. It dropped down by 100 USD/T. On Monday, it was quoted at 11280 USD/T. It rose up by 80 USD/T. In the domestic market of future nickel, many traders from downstream industries did not purchase goods. The price of future nickel rose up a little. Today, compared with Shanghai future nickel 2005 contract, the premium of Russian nickel was from 0 to 50 RMB/T, and the premium of Jinchuan nickel was 1500-1700 RMB/T. Jinchuan quoted its electrolytic nickel at 95000 RMB/T. It was 500 RMB/T higher than the price on last trading day.

The stainless-steel market was still in downturn. The ferronickel price was also in lower level. Today, the price of high-grade was 865-880 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]