[ferro-alloys.com]Yesterday, global macroeconomy was in good condition. People felt optimistic with American and European economies. Besides, the index of U.S dollar went down. So, the metal price rose up largely including nickel price. By the end of trading, LME nickel was quoted at 13455 USD/T. It rose up by 270 USD/T. The demand from downstream industry was insufficient in domestic market of future nickel, the trading volume was less. Due to upturn of LME nickel market, the price of future nickel went up largely. Compared with Shanghai future nickel 2008 contract, the discount of Russian nickel was 400-450 RMB/T, and the premium of Jinchuan nickel was 400-500 RMB/T. Jinchuan quoted its electrolytic nickel at 107300 RMB/T. It was 1300 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 960-970 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]