[ferro-alloys.com]There was no good news about nickel recently. So, LME nickel price started to drop down. Although both British industrial data and German industrial data were better than people’s expectation, it did not encourage the nickel market. By the end of trading, LME nickel was quoted at 13600 USD/T. It dropped down by 125 USD/T. The trading volume was still less in domestic market of future nickel. Besides, LME nickel market was in downturn. So, the price of future nickel dropped down. Compared with Shanghai future nickel 2008 contract, the discount of Russian nickel was 500-600 RMB/T, and the premium of Jinchuan nickel was 200-400 RMB/T. Jinchuan quoted its electrolytic nickel at 107800 RMB/T. It was 700 RMB/T lower than the price on last trading day.

The stainless-steel market was stable, so was the ferronickel price. 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]