[ferro-alloys.com]Yesterday, U.S did not reach an agreement about economic stimulation. People felt depressed in the market. Besides, the gold price dropped down. So, LME nickel dropped down. Yesterday, by the end of trading, LME nickel was quoted at 14240 USD/T. It dropped down by 90 USD/T. The trading volume was less in domestic market. The demand from downstream industry decreased. So, the price of future nickel rose up. Compared with Shanghai future nickel 2009 contract, the discount of Russian nickel was 50-150 RMB/T, and the premium of Jinchuan nickel was 500 RMB/T. Jinchuan quoted its electrolytic nickel at 113000 RMB/T. It was 1500 RMB/T higher than the price on last trading day.

The stainless-steel market was relatively steady. So, the ferronickel price remained stable today. In Jiangsu and Shandong Provinces, the high-grade ferronickel price was 1000-1020 RMB/Nickel. In Inner Mongolia and Liaoning Province, the price was 1000-1010 RMB/Nickel. The low-grade ferronickel price remained at 3300-3450 RMB/T.

• [Editor:王可]