[ferro-alloys.com]On last Friday, it was said that Indonesian Government ensured that they would forbid nickel ore export in advance. So, the nickel price was extremely high. By the end of trading, LME nickel was quoted at 17905 USD/T. It was 1495 USD/T higher than the price on last Thursday. The price of Shanghai future nickel limited up in the morning. No deal had been made. Compared with Shanghai future nickel 1910 contract, the discount of Russian nickel was 100-200 RMB/T, and the premium of Jinchuan nickel was 500-600 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 136500 RMB/T, it was 7000 RMB/T higher than the price on last Friday.

Due to upturn of nickel market, the price of stainless steel rose up largely, so did the ferronickel price. The high grade ferronickel was quotd at 1140-1160 RMB/Nickel.The low grade ferronickel was 3250-3300 RMB/T.

• [Editor:王可]