[ferro-alloys.com]The index of U.S dollar went down, so LME nickel price rose up. By the end of trading, LME nickel was quoted at 15540 USD/T. It rose up by 220 USD/T. The trading volume of future nickel was still less in domestic market. So, the future nickel price dropped down. Compared with Shanghai future nickel 2010 contract, the discount of Russian nickel was 300-400 RMB/T, and the premium of Jinchuan nickel was 700-800 RMB/T. Jinchuan quoted its electrolytic nickel at 122000 RMB/T. It was the same the price on last trading day.
The stainless-steel market was in upturn. So, the ferronickel price rose up. In Jiangsu, Shandong Provinces, the high-grade ferronickel price reached 1145 RMB/T at most. In Inner Mongolia and Liaoning Province, the price was 1130-1145 RMB/Nickel. The low-grade ferronickel price remained at 3300-3450 RMB/T.