[ferro-alloys.com]U.S dollar market was in downturn. So, LME nickel price rose up. By the end of trading, LME nickel was quoted at 18110 USD/T. It was 160 USD/T higher than the price on last Friday. Today, people were not positive in future nickel market today. Due to rising of LME nickel price, the price of future nickel rose up today. Compared with Shanghai future nickel 1910 contract, the discount of Russian nickel was 100 RMB/T, and the premium of Jinchuan nickel was 200-400 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 143000 RMB/T, it was 3000 RMB/T higher than the price yesterday.
Today, the stainless steel market was stable, so was the ferronickel market.he high grade ferronickel was quotd at 1150-1170 RMB/Nickel.The low grade ferronickel was 3200-3250 RMB/T.