[ferro-alloys.com]On last Friday, by the end of the trading, the LME nickle was quoted at 15370USD/T. It was 295USD/T higher than the price on last trading day. Affected by domestic environmental protection inspection, decreasing of both domestic nickle inventory and abroad inventory , and start of Qsingshan 1 million tons stainless steel production, the future nickle price rose up greatly today. Compared to Wuxi 1807 contract, the premium of Russian nickle was 500RMB/T, and Jinchuan nickle premium was 600RMB/T. Today, jinchuan quoted its electrolytic nickle (big board) at 117600RMB/T.It was 1000RMB/T higher than the price yesterday. The mainstream price was betweeen 117450RMB/T and 117700RMB/T.

Now, the Ramadan in Indonesia has ended. There are three nickle ore enterprises hasn’t pass the mine examination by Philippine Government. It made traders worry about the supply of nickle ore. Influenced by environmental protection inspection in production areas, the output of ferronickle could not satisfy the market demand. So, the price of ferronickle rose up today. The high grade ferronickle price was 1075-1090RMB/Nickle, and the low grade ferronickle was 3350-3450RMB/T

• [Editor:王可]