[ferro-alloys.com]Due to upturn of the index of U.S dollar and fall of crude oil price, the rising trend of LME nickel price was restricted. By the end of trading, LME nickel price remained at 13400 USD/T. The trading volume of future nickel was still less in domestic market, so the price of future nickel fell down a little. Compared with Shanghai future nickel 2008 contract, the discount of Russian nickel was 450-500 RMB/T, and the premium of Jinchuan nickel was 600 RMB/T. Jinchuan quoted its electrolytic nickel at 107000 RMB/T. It was the same as the price on last trading day.

The stainless-steel market rose up a little, but the trading volume was less. So, the ferronickel did not rise up. Today, the mainstream price of high-grade ferronickel was 960-965 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]