[ferro-alloys.com]On last Friday, U.S dollor was not steady. Relatively, the LME nickel price went up and down. By the end of trading, the LME nickel was quoted at 13780 USD/T. It was the same as the price on last Thursday.Today, encouraged by the good performance of Chinese economy, the the prices base metal including nickel price rose up in the morning. Compared to Wuxi 1808 contract, the premium of Russian nickel was 100 RMB/T and the premium of Jinchuan nickel was 1000 RMB/T. Today, Jinchuan quoted its electrolytic nickel (big board) at 113300 RMB/T.

The market of stainless steel scrap was still good. The price went up a little. It restricted the demand for ferronickel in the market. On the other hands, the supply of ferronickel was still limited. So, the price of ferronickel kept steady. Today, the high grade ferronickel price was remained at 1080-1095 RMB/T, and the low grade ferronickel was quoted at 3400-3500 RMB/T.

• [Editor:王可]