[ferro-alloys.com]Recently, U.S economy was not in good condition. So, the index of U.S dollar was in downturn. Relatively, LME nickel price rose up. Yesterday, LME nickel was quoted at 12260 USD/T. It was 440 USD/T higher than the price on last trading day. Encouraged by the index of global stock market, the domestic price of future nickel went up largely. However, the trading volume was less. Compared with Shanghai future nickel 2007 contract, the discount of Russian nickel was from 0 to 50 RMB/T, and the premium of Jinchuan nickel was 1100-1200 RMB/T. Jinchuan quoted its electrolytic nickel at 102600 RMB/T. It was 2400 RMB/T higher than the price on last trading day.
Recently, the nickel demand was relatively insufficient. So, the ferronickel market kept stable. Today, the mainstream price of high-grade ferronickel was 970-990 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.