[ferro-alloys.com]By the end of the trading, LME nickle was quoted at 15650USD/T yesterday. It was 395 USD/T higher than the price on last trading day. At present, both the inventory of LME nickle and domestic stock were declining, and Central Government Inspector Group members were inspecting the environmental protection situation in ferronickle production areas. These made the future nickle price maintain in high level. In the morning, the future nickle price went up in Shanghai Future Exchange. Compared to Wuxi 1807 contract, the premium of Russian nickle was 650RMB/T, and the premium of Jinchuan nickle was 750RMB/T. Jinchuan quoted its electrolytic nickle (big board) at 117500RMB/T. It was 1900RMB/T higher than the price yesterday.

As the Shanghai Cooperation Organization meeting ended, parts of plants had resumed their productions in Shandong. Due to the bad weather in Qingdao, the production and logistics were affected. The increasing volume of ferronickle output was limited.Today, the price of high grade ferronickle maintained at 1060-1075RMB/T. Affected by the lack of demand, the low grade ferronickle price remained at 3300-3400RMB/T.

• [Editor:王可]