[ferro-alloys.com]Yesterday, the gold price rose up largely, and the index of U.S dollar dropped down. Relatively, LME nickel price went up a little. By the end of trading, LME nickel was quoted at 13985 USD/T. It rose up by 25 USD/T. Today, the future nickel market was in upturn in domestic market, but the rising trend of nickel price was relatively low. The demand from downstream industry was still insufficient, the trading volume was less. Compared with Shanghai future nickel 2009 contract, the discount of Russian nickel was 200-300 RMB/T, and the premium of Jinchuan nickel was 300-400 RMB/T. Jinchuan quoted its electrolytic nickel at 111500 RMB/T. It was 500 RMB/T higher than the price on last trading day.

The stainless-steel market was in upturn, so the ferronickel was in higher level. Today, the mainstream price of high-grade ferronickel was 975-980 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]