[ferro-alloys.com]Recently, the U.S.economic data showed that it went on well, and the market expected FED raise the interest rate. So the USD price went up to higher level. Relatively, the LME nickle price went down during the Labor Festival Holiday. The LME price was 13675USD/T on April 30^th. On May 1^st, the LME nickle price went up, and it was quoted at 13780USD/T. Compared to Wuxi 1805 contract, the Russian nickle premium was 400-500RMB/T, and the premium of Jinchuan nickle was 800RMB/T.Today, Jinchuan quoted its electrolytic nickle (big board) at 104000RMB/T in Shanghai. Influenced by Added-tax revolution, the premium varied in the spot market. The downstream firms were not eager to purchase goods. The mainstream price was 103700-104100RMB/T in the morning.

Affected by the rising of LME nickle price, the stainless steel products prices went up a little. However, the ferronickle was still oversupplied.The traders were not eager to buy goods. Today, the price of high grade ferronickle price was maintained at 980-990RMB/nickle, and the low grade ferronickle price was kept at 2900-2950RMB/T.

• [Editor:王可]