[ferro-alloys.com]At present, the USD trend keeps steady, and the increasing of nonferrous metal price is restricted. Last Friday, LME nickle price was 13905 USD/T.Compared to Wuxi 1805 contract, the premium of Russian nickle is 300-400RMB/T, and the premium of Jinchuan nickle is 700-800RMB/T. Today, Jinchuan quoted its electrolytic nickle (big board)at 103500RMB/T. Compared to the price last Friday, the price of nickle fell down a little. The traders purchased the good at lower price. The mainstream price is between 103100RMB/T and 103700RMB/T.

Last Friday, there existed the message that some steel plants would stopped their production for overhaul. According to the message from the market last week, some stainless plants would not purchase raw materials.These factors affected the ferronickle market. Today, the price of high grade ferronickle fell down. The high grade ferronickle was quoted at 965-970/nickle. The price of low grade ferronickle maintained at 3000-3100RMB/T. As the price of stainless steel plants goes up, the price of high grade ferronickle may rose up based on the steady price of nickle ore. 

• [Editor:王可]