[ferro-alloys.com]LME nickel market was affected by Shanghai future nickel market. So, the price of LME nickel kept on rising. By the end of trading, LME nickel was quoted at 12495 USD/T. It was 425 USD/T higher than the price on last trading day. The trading volume was less in domestic market of future nickel today. The merchants kept their goods. The price of future nickel rose up a little. Today, compared with Shanghai future nickel 2006 contract, the discount of Russian nickel was from 100 to 150 RMB/T, and the premium of Jinchuan nickel was 800-1000 RMB/T. Jinchuan quoted its electrolytic nickel at 101800 RMB/T. It was the same as the price on last trading day.

Recently, the stainless-steel market was in upturn. So, the price of high-grade ferronickel was in higher level. Today,the mainstream price of high-grade ferronickel was 910-950 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]