[ferro-alloys.com]Yesterday, FED published the economic beige book. It said that U.S economy was growing up steady, the increasing rate of employment slowed down, and the economic inflation kept stable. The index of U.S dollar dropped down. So, LME nickel price went up. By the end of trading, LME nickel was quoted at 14375 USD/T, it was 435 USD/T lower than the price on Tuesday.The trading volume was less in future nickel market today. Due to rising of LME nickel price, the price of future nickel went up largely. Compared with Shanghai future nickel 1908 contract, the discount of Russian nickel was 300-350 RMB/T, and the premium of Jinchuan nickel was 1200-1300 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 116000 RMB/T, it was 5500 RMB/T higher than the price yesterday.

LME nickel price rose up largely again yesterday. So, the nickel market was in bull market. The prices of stainless steel and ferronickel went up again. Today, the mainstream price of high grade ferronickel was 980-1005 RMB/T, and the price of low grade ferronickel was 3050-3250 RMB/T.

• [Editor:王可]