[ferro-alloys.com]Russian Nickle premium is 400RMB/T compared to Wuxi 1804 contract, and Jinchuan Nickle is 100RMB/T to zero. Today, the price of big board Jinchuan electrolytic nickle is 103700RMB/T. After midnight, the LME nickle price surged. The trading was not positive in the morning. Most of the downstream firms observed and inquired the trend of the price. Only a few firms purchased the good as they needed. The mainstream price is between 103200-103700RMB/T.

As the bidding prices of ferronickle was published by large steel plant, the ferronickle factory started their productions. It will increase the supply of the high grade ferronickle in the market. There existed some messages that some downstream stainless steel plants would decrease their outputs due to their overhauls during the last few days. It will decrease the requirement of the high grade ferronickle and lead to oversupply. So, there is little possibility to rise up the price. However, the nickle ore price is steady at present. The ferronickle price may not go down in the future.

• [Editor:王可]