[ferro-alloys.com]The employment amount of U.S non-agricultural industry was not as much as people’s expectation, people were discouraged. The index of U.S dollar went down. Relatively, LME nickel price rose up. By the end of trading, LME nickel was quoted at 14230 USD/T. It was 110 USD/T higher than the price on last trading day. Due to rising of LME nickel price, the price of future nickel rose up in domestic market today. The trading volume was less. Compared with Shanghai future nickel 2002 contract, the premium of Russian nickel was from 0 to 100 RMB/T, and the premium of Jinchuan nickel was 5000-5200 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 116800 RMB/T. It was 800 higher than the price on last Friday.
Spring Festival is coming soon. The stainless steel market is in downturn. The demand for ferronickel was insufficient. Some plants halted their production for overhaul. The ferronickel was in lower level. Today，the mainstream of high grade ferronickel was 960-970 RMB/Nickel point, and the price of low grade ferronickel was 3300-3450 RMB/T.