[ferro-alloys.com]U.S economy was still in downturn. So, the index of U.S dollar dropped down. Relatively, the price of LME nickel rose up. By the end of trading, LME nickel was quoted at 12685 USD/T. It rose up by 65 USD/T. The traders were not positive in domestic market of future nickel today. So, the price of future nickel was almost stable today. Compared with Shanghai future nickel 2008 contract, the discount of Russian nickel was 500-550 RMB/T, and the premium of Jinchuan nickel was 700 RMB/T. Jinchuan quoted its electrolytic nickel at 102400 RMB/T. It was 200 RMB/T higher than the price on last trading day.
The stainless-steel market was stable, so was the ferronickel market. Today, the mainstream price of high-grade ferronickel was 965-975 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.