[ferro-alloys.com]The U.S. dollor might raise its interest rate. So，the U.S dollor price rose up. Relatively, the base metal price increased, and so did the LME nickle price. Yesterday, the LME nickle price was quoted at 14900USD/T by the end of trading. Influenced by the rising of LME nickle, the future nickle price rose up in Shanghai Future Exchange. Compared to Wuxi 1807 contract, the premium of Russian nickle was 300RMB/T, and the premium of Jinchuan Nickle was 500RMB/T. Today, Jinchuan quoted its electrolytic nickle (big board) at 115800RMB/T. It was 300RMB/T higher than the price yesterday. The mainstream price was 115250-115550RMB/T.

Affected by domestic environmental protection policy, the output of ferronickle was still restricted in main production areas, such as：Inner Mongolia, Shandong and so on. Besides, it was off-season in stainless steel market.The traders were not positive in the market. So, the price of ferronickle kept steady today. The price of high grade ferronickle was 1070-1090RMB/Nickle, and the low grade ferronickle price was 3350-3450RMB/T.

• [Editor:王可]