[ferro-alloys.com]Recently, the index of U.S dollar was in downturn. The supply of nickel ore was relatively insufficient. So, LME nickel market was in upturn. By the end of trading, LME nickel was quoted at 14635 USD/T. It rose up by 255 USD/T. The future nickel market was in upturn in domestic market today. The trading volume was still less. Compared with Shanghai future nickel 2009 contract, the discount of Russian nickel was 0-150 RMB/T, and the premium of Jinchuan nickel was 500 RMB/T. Compared with Shanghai future nickel 2010 contract, the discount of Russian nickel was 300-400 RMB/T, and the premium of Jinchuan nickel was 200-300 RMB/T. Jinchuan quoted its electrolytic nickel at 116100 RMB/T. It was 90 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]