[ferro-alloys.com]Yesterday, U.S FED would remain its benchmark interest rate at 0-0.25%. So, LME nickel price went up. By the end of trading, LME nickel was quoted at 13920 USD/T. It rose up by 220 USD/T. Due to upturn of global nickel market, the price of future nickel rose up in domestic market. The trading volume was less. Compared with Shanghai future nickel 2009 contract, the discount of Russian nickel was 300 RMB/T, and the premium of Jinchuan nickel was 300 RMB/T. Jinchuan quoted its electrolytic nickel at 111800 RMB/T. It was 1500 RMB/T higher than the price on last trading day.
The stainless-steel rose up, and the nickel market was in upturn. So, the ferronickel price rose up again. Today, the mainstream price of high-grade ferronickel was 970-975 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.