[ferro-alloys.com]It was said that U.S did not plan to stimulate the economy. The macroeconomy was not in good condition. The index of U.S dollar rose up. So, LME nickel price dropped down. By the end of trading, LME nickel was quoted at 15330 USD/T. It rose up by 260 USD/T. Due to LME nickel price trend, the price of future nickel went down in domestic market. Compared with Shanghai future nickel 2010 contract, the discount of Russian nickel was 250-350 RMB/T, and the premium of Jinchuan nickel was 1400-1500 RMB/T. Jinchuan quoted its electrolytic nickel at 120200 RMB/T. It was the same the price on last trading day.

Although the stainless-steel market was in downturn, the ferronickel price went up due to rising of nickel ore price. In Jiangsu, Shandong Provinces, the high-grade ferronickel price reached 1185 RMB/T at most. In Inner Mongolia and Liaoning Province, the price was 1165-1185 RMB/Nickel. The low-grade ferronickel price remained at 3300-3450 RMB/T.

• [Editor:王可]