[ferro-alloys.com]Yesterday, LME nickle was quoted at 15735USD/T, the inventory declined to 281214 tons that was 5538 tons lower. Affected by domestic environmental protection policy, the production was restricted. In the morning, the future nickle price went up. Compared to Wuxi 1806 contract, the premium of Russian nickle was 50RMB/T, and the premium of Jinchuan nickle was 50RMB/T. Today, Jinchuan quoted its electrolytic nickle (big board) at 118200RMB/T that was 2200RMB/T higher than the price yesterday.

Influenced by environmental protection policy and Shanghai Cooperation Organization meeting, some ferronickle plants restrict their production, and some halted their production.So the supply of ferronickle was insufficient, and it made the high grade ferronickle price go up. Today, high grade ferronickle was quoted at 1060-1075RMB/T that was higher than the price yesterday. The low grade ferronickle could not rise up at present. Due to the supply shortage, the price of low grade ferronickle could maintain in high level. Today, the low grade ferronickle price was 3300-3400RMB/T.

• [Editor:王可]