[ferro-alloys.com]Yesterday, people predicted that FED would decrease interest in July. U.S index went down. The inventory of LME nickel dropped down largely. By the end of trading, LME nickel was quoted at 12370 USD/T. It was 260 USD/T higher than the price on Tuesda. Today, the supply of Jinchuan nickel was insufficient. So, the trading volume was restricted. The price of future nickel rose up largely. Compared with contract of Shanghai future nickel 1908, the discount of Russian nickel was 300-400 RMB/T, and the premium of Jinchuan nickel was 2500-2700 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 100000 RMB/T. It was 500 RMB/T higher than the price yesterday.

The stainless steel market was stable today. So, the price of ferronickel kept steady in general. In Inner Mongolia, the price of high grade ferronickel dropped down a little. The mainstream price was 940-955 RMB/Nickel. In Shandong and Liaoning Provinces, the price remained at 940-960 RMB/Nickel. The price of low grade ferronickel was 3200-3400 RMB/T.

• [Editor:王可]