[ferro-alloys.com]Last week, U.S non-farm payroll rose up. The deadline of crude oil output reduction extended. These encouraged nickel markets. By the end of trading, LME nickel was quoted at 12915 USD/T. It rose up by 120 USD/T. The trading volume was less in domestic market. However, due to rising trend of LME nickel price, it rose up a little. Compared with Shanghai future nickel 2007 contract, the discount of Russian nickel was 300 RMB/T, and the premium of Jinchuan nickel was 800-1000 RMB/T. Jinchuan quoted its electrolytic nickel at 104200 RMB/T. It was 200 RMB/T higher than the price on last trading day.

Recently, the stainless-steel market was in downturn. The ferronickel market could not rise up. The price kept stable. Today, the mainstream price of high-grade ferronickel was 960-980 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]