[ferro-alloys.com]Yesterday, the index of U.S dollar dropped down. Some Philippine nickel ore traders halted their export, so the global nickel market went up again. By the end of trading, LME nickel was quoted at 11510 USD/T, it rose up by 80 USD/T. The trading volume was less in domestic market of future nickel. However, LME nickel price rose up, so the price of domestic future nickel went up. Today, compared with Shanghai future nickel 2005 contract, the premium of Russian nickel was from -50 to 100 RMB/T, and the premium of Jinchuan nickel was 1500-1600 RMB/T. Jinchuan quoted its electrolytic nickel at 96500 RMB/T. It was 1200 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 860-885 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]