[ferro-alloys.com]Yesterday, the U.S Federal Reverse ensured that they would go on rising interest rate. The US dollor price went up. Relatively, the price of LME nickel went down. By the end of the trading, the LME nickel was quoted at 13375USD/T. It was 135USD/T lower than the price on last trading day. In the morning, the executive meeting of the State Council announced that they would loose the finance. After the news was widespread, the prices of bulk commidities including nickel went up. Compared to Wuxi 1808 contract, the premium of Russian nickel was 50RMB/T, and the premium of Jinchuan nickel was 1050RMB/T.Today, Jinchuan quoted its electrolytic nickel (big board) at 110400RMB/T.

The production of ferronickel was resuming,the supply of ferronickel was restricted in the market. Although Taiyuan Iron and Steel Co applied for anti-dumping investigation for stainless steel billet and hot rolled plate/coil made by Indonesia, Europe Union, South Koera and Japan, the demand for ferronickel was slack because the stainsteel plant mainly used steel scarp for production.Therefore,the price of ferronickel kept steady.The high grade ferronickel was quoted at 1060-1075RMB/Nickel, and the price of low grade ferronickel was 3400-3500RMB/T.

• [Editor:王可]