[ferro-alloys.com]Yesterday, it was said that London Metal Exchange would pick off two brands which were belong to Norilsk Nickle. It made traders worry that U.S.sanctions against Russia would influence Norilsk. Later, it was proved that it was applied by Norislk themselves. However, the LME nickle went on rising due to the shortage of inventory and demands for EV.The LME nickle was quoted at 15305 USD/T. Compared to Wuxi 1805 contract, the premium of Russian nickle is 200RMB/T, and the premium of Jinchuan nickle is 400RMB/T. Today, Jinchuan quoted its electrolytic nickle (big board) at 105800RMB/T in Shanghai. As the rising of LME nickle, most downstream firms were not eager to purchase goods. The mainstream price is 105800-106200RMB/T.

Affected by the rising of LME nickle price, the prices of stainless steel products rose in general. At the same time, the ferronickle plant maintained the price due to the rising of LME nickle price. Today, the price of high grade ferronickle remained at 960-975RMB/nickle, and the price of low grade ferronickle remained at 2900-3000RMB/T. According to the message from the market, some domestic steel plants are planning to apply for the anti-dumpling investigate. It may affects the stainless market and ferronickle market in the future. 

• [责任编辑：王可]