[ferro-alloys.com]In macroeconomy field, the demand recovery date for crude oil was ahead of schedule. The crude oil price rose up. It encouraged future market including nickel. By the end of trading, LME nickel was quoted at 13560 USD/T. It rose up by 355 USD/T. Since last Friday night, the market of Shanghai future nickel kept on rising. Compared with Shanghai future nickel 2008 contract, the discount of Russian nickel was 450-550 RMB/T, and the premium of Jinchuan nickel was 300-400 RMB/T. Jinchuan quoted its electrolytic nickel at 108000 RMB/T. It was 2000 RMB/T the price on last trading day.

The stainless-steel market was stable, so was the output. The demand for ferronickel kept steady. So, the ferronickel price was stable. 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]