[ferro-alloys.com]Recently, macroeconomy was in good condition. The index of U.S dollar fell down. Besides, nickel ore output was less than people’s expectation. So, nickel market was in upturn. Yesterday, by the end of trading, LME nickel was quoted at 14380 USD/T. It rose up by 345 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 115200 RMB/T. It was 800 RMB/T higher than the price on last trading day.

The stainless-steel market was in upturn, so was the nickel market. The price of high-grade ferronickel rose up today. In Jiangsu Province, the high-grade ferronickel price was 1040-1050 RMB/Nickel. In Shandong Province, the high-grade ferronickel price was 1040-1065 RMB/Nickel. In Inner Mongolia and Liaoning Province, the price was 1030-1040 RMB/Nickel. The low-grade ferronickel price remained at 3300-3450 RMB/T.

• [Editor:王可]