[ferro-alloys.com]There was no good news about nickel market. Its downstream industry demand was insufficient. So, LME nickel price dropped down by 255 USD/T. It was quoted at 15970 USD/T. Due to downturn of LME nickel market, the future nickel price went down in domestic market today. Compared with Shanghai future nickel 2101 contract, the discount of Russian nickel was from 0 to 100 RMB/T, and the premium of Jinchuan nickel was 4200-4300 RMB/T. Jinchuan quoted its electrolytic nickel at 121500 RMB/T. It was 1500 USD/T lower than the price on last trading day.

The stainless-steel market was stable, so was the ferronickel market. Today, in Shandong Provinces, the high-grade ferronickel price was 1030-1050 RMB/Nickel. In Jiangsu and Liaoning Provinces, the price was 1020-1040 RMB/Nickel. In Inner Mongolia, the price was 1010-1030 RMB/Nickel. The low-grade ferronickel price remained at 3300-3400 RMB/T.

• [Editor:王可]