[ferro-alloys.com]Yesterday, LME nickle was quoted at 15500USD/T. It was 90USD/T higher than the price on the last trading day. The inventory was 286752 tons. It decreased 894 tons. In this morning, LME nickle price went down, so did the future nickle price. Compared to Wuxi 1806 contract, the Russian nickle premium was 100RMB/T, and the premium of Jinchuan nickle was 100RMB/T. Today, the price of Jinchuan electrolytic nickle was 116000RMB/T. It was 1000RMB/T lower than the price yesterday. The mainstream price was 115850-116300RMB/T

Affected by environmental protection and Shanghai Cooperation Organizion meeting, the ferronickle plants in Shandong and Inner Mongolia decreased  or halted their productions. So, the market supply was insufficient. Today, the high grade ferronickle price rose up to 1050-1070RMB/Nickle. Although the low grade ferronickle supply was insufficient due to production restriction, the price could not go up because of slow inventory consumption.The price remained at 3300-3400RMB/T

• [Editor:王可]