[ferro-alloys.com]The yield rate of U.S debt decreased, so people felt pessimistic about macro economy. So, the prices of most metals dropped down. However, the nickel price went up. By the end of trading, LME nickel was quoted at 15895 USD/T, it was 145 USD/T higher than the price on Tuesday. The trading volume was still less today. Due to rising of LME nickel price, the price of future nickel rose up a little.Compared with Shanghai future nickel 1909 contract, the discount of Russian nickel was 300 RMB/T, and the premium of Jinchuan nickel was 900-1000 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 124000 RMB/T, it was 500 RMB/T higher than the price yesterday.

Due to anti-dumping duties imposed by foreign countries, the stainless steel market was in downturn. Although the nickel market was in upturn, the ferronickel could not rise up. It was stable today.The high grade ferronickel was quotd at 1070-1090 RMB/Nickel.The low grade ferronickel was 3050-3250 RMB/T.

• [Editor:王可]