[ferro-alloys.com]U.S FED Chairman Powell said that FED would take adequate steps to maintain economic expansion. People thought that it would be possible for FED to decrease interest in September. Besides, nickel ore market was in upturn. So, LME nickel was quoted at 15670 USD/T. It was 40 USD/T higher than the price on last Thursday. The trading volume was still less in future nickel market. Due to rising of LME nickel,the price of future nickel went up. Compared with Shanghai future nickel 1910 contract, the discount of Russian nickel was 100-200 RMB/T, and the premium of Jinchuan nickel was 900-1000 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 125000 RMB/T, it was 1700 RMB/T lower than the price yesterday.

The stainless steel market was in downturn. The prices of some products dropped down. However, the nickel market was in upturn, the ferronickel market was stable today.The high grade ferronickel was quotd at 1080-1100 RMB/Nickel.The low grade ferronickel was 3050-3250 RMB/T.

• [Editor:王可]