[ferro-alloys.com]Although U.S announced that they would not treat China as controller of exchange rate, the index of U.S dollar rose up yesterday.Relatively, LME nickel price dropped down. By the end of trading, LME nickel was quoted at 14105 USD/T. It was 110 USD/T higher than the price on last trading day.The trading volume was less in domestic future nickel market today. The demand wad insufficient. The price of future nickel went down largely.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 4800-4900 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 114800 RMB/T. It was 2000 higher than the price yesterday.
The stainless steel market was stable,so was the ferronickel.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.