[ferro-alloys.com]The market of crude oil still affected the global economy. The index of U.S stock kept on dropping. LME nickel was also influenced. It was quoted at 12600 USD/T. It dropped down by 235 USD/T. In last two days, the traders were positive in domestic market of future nickel. So, the inventory was insufficient. The price of future nickel went up. Today, compared with Shanghai future nickel 2004 contract, the premium of Russian nickel was from 0 to 100 RMB/T, and the premium of Jinchuan nickel was 1600-1800 RMB/T. Jinchuan quoted its electrolytic nickel at 103000 RMB/T. It was 2000 RMB/T higher than the price yesterday.

Recently, the stainless-steel market was in downturn. The ferronickel market was still in lower level. Today, the price of high-grade ferronickel was 895-925 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]