[ferro-alloys.com]Recently, Indonesian antitrust agency would start investigation of nickel smelt plants.Besides, the average price of 1.7% Nickel ore was 14 USD/T. It was much lower than the standard price set by Indonesian government. So, the cost of raw material purchase would increase, and the process of production start-up might be delayed. So, LME nickel price was quoted at 14640 USD/T. It was 135 USD/T higher than the price on last Thursday. The spot goods increased in domestic future market. The buyers from downstream industry were not eager to purchase goods. The trading volume was less. So, the price of future nickel went down a little. Compared with Shanghai future nickel 1912 contract, the discount of Russian nickel was 1400-1600 RMB/T, and the premium of Jinchuan nickel was 6400-6700 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 122000 RMB/T. It was 500 RMB/T lower than the price on last Friday.

The stainless steel market was stable, so was the ferronickel market. The price of ferronickel was steady. The mainstream price of high grade ferronickel was 1020-1040 RMB/Nickel. The low grade ferronickel was quoted at 3300-3450 RMB/T.

• [Editor:王可]