[ferro-alloys.com]Due to fall of crude oil price, the main economic index fell down worldwide. LME nickel market was also affected. The price dropped down largely. By the end of trading, LME nickel was quoted at 12160 USD/T. The domestic market of Shanghai future nickel was also affected. Its price also went down. Today, compared with Shanghai future nickel 2006 contract, the discount of Russian nickel was from 0 to 50 RMB/T, and the premium of Jinchuan nickel was 1200-1300 RMB/T. Jinchuan quoted its electrolytic nickel at 99000 RMB/T. It was 2900 RMB/T lower than the price on last trading day.

Although nickel market was in downturn at present, the stainless-steel market was in upturn. So, the price of high-grade ferronickel was in upturn. Today, the mainstream price of high-grade ferronickel was 930-950 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]