[ferro-alloys.com]The crude oil price rose up at night, so nonferrous metal market rose up. However, the news was not good for global macroeconomy, so LME nickel market was still in downturn. By the end of trading, LME nickel was quoted at 15205 USD/T. It dropped down by 20 USD/T. The trading volume was fine in domestic market of future nickel. Due to downturn of LME nickel market, the future nickel price went down a little. Compared with Shanghai future nickel 2012 contract, the discount of Russian nickel was 100-200 RMB/T, and the premium of Jinchuan nickel was 4100-4400 RMB/T.

The stainless-steel market was in downturn. The ferronickel price could not rise up. It was stable at present. In Jiangsu, Shandong Provinces, the high-grade ferronickel price reached 1185 RMB/T at most. In Inner Mongolia and Liaoning Province, the price was 1160-1185 RMB/Nickel. The low-grade ferronickel price remained at 3300-3400 RMB/T.

• [Editor:王可]