[ferro-alloys.com]Yesterday, the index of U.S dollar went down. U.S stock was in upturn. Macroeconomy was in good condition. So, nickel market was in upturn. By the end of trading, LME nickel was quoted at 13185 USD/T. It rose up by 70 USD/T. Today, the traders were not as positive as they were yesterday in domestic market of future nickel. Meanwhile, due to upturn of LME nickel market, the price of future nickel rose up. Compared with Shanghai future nickel 2008 contract, the discount of Russian nickel was 350-450 RMB/T, and the premium of Jinchuan nickel was 400-500 RMB/T. Jinchuan quoted its electrolytic nickel at 106000 RMB/T. It was 1000 RMB/T higher than the price on last trading day.

The stainless-steel market was stable. However, the nickel market was in upturn, so the ferronickel price rose up a little. Today, the mainstream price of high-grade ferronickel was 960-965 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]