[ferro-alloys.com]Due to rebounding of crude oil, the future market was in upturn. So, the price of LME nickel rose up. By the end of trading, LME nickel was quoted at 12250 USD/T. It rose up by 65 USD/T. The trading volume was insufficient in domestic market of future nickel. The merchant kept their goods. The price of future nickel rose up in general. Compared with Shanghai future nickel 2006 contract, the discount of Russian nickel was from 0 to 100 RMB/T, and the premium of Jinchuan nickel was 1300-1400 RMB/T. Jinchuan quoted its electrolytic nickel at 104500 RMB/T. It was 2500 RMB/T higher than the price on last trading day.

Although LME nickel market was in upturn, the rising trend of stainless-steel market was restricted. So, the price of high-grade ferronickel kept steady. Today, the mainstream price of high-grade ferronickel was 950-960 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]