[ferro-alloys.com]Yesterday, the export & import volumes of China were not as good as people’s expected. The future market was shocked, and LME nickel price dropped down. By the end of trading, LME nickel was quoted at 11405 USD/T. It was 55 USD/T lower than the price on last Friday. Due to declining of LME nickel price and insufficient demand for nickel, the domestic future nickel price went down. Compared with Wuxi 1902 contract, the discount of Jinchuan Russian nickel was 100 RMB/T, and the premium of Jinchuan nickel was 700-800 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 92500 RMB/T. It was the same as the price yesterday.

Today, stainless steel market kept steady. The rising trend of high grade ferronickel was restricted because of falling of LME nickel.The ferronickel market kept steady today. High grade ferronickel was quoted at 940-955 RMB/Nickel, and the barrelled small piece electrolytic nickel was quoted at 3350-3500 RMB/T

• [Editor:王可]