[ferro-alloys.com]On last Friday, U.S index went up. So，U.S President Donald Trump criticized FED again about their interest policy. Prices of some base metal lifted up, and some dropped down. By the end of trading, LME nickel was quoted at 13175 USD/T. It was 110 USD/T higher than the price on last Thursday. The traders were not positive in future market today. Due to rising of LME nickel price, the prices of Shanghai future nickel rose up largely in general. Compared with Wuxi 1903 contract, the premium of Russian nickel was 100 RMB/T, and the premium of Jinchuan nickel was 500-600 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 105300 RMB/T, it was 1500 RMB/T higher than the price on last Friday. 

The stainless steel market was still in good conditions. The price of 304 series products rose up again. Although it was said that there would be several new capacities to be put into production in the future, the ferronickel price still went up today due to nickel market and power restriction in Inner Mongolia. The mainstream price of high grade ferronickel was 1035-1055 RMB/Nickel. The low grade ferronickel remained the same. It was 3250-3400 RMB/T. 

• [Editor:王可]