[ferro-alloys.com]People felt optimistic with future consumption. The index of U.S dollar dropped down. So, LME nickel price rose up. By the end of trading, LME nickel was quoted at 15110 USD/T. It rose up by 305 USD/T. The future nickel market was in upturn due to LME nickel market. So, the price rose up. Compared with Shanghai future nickel 2010 contract, the discount of Russian nickel was 200-300 RMB/T, and the premium of Jinchuan nickel was 1700-1800 RMB/T. Jinchuan quoted its electrolytic nickel at 120000 RMB/T. It was 3000 RMB/T higher than the price on last trading day.
Due to upturn of global nickel market, the stainless-steel price rebounded a little. The ferronickel did not drop down. In Jiangsu, Shandong Provinces, the high-grade ferronickel price reached 1165 RMB/T at most. In Inner Mongolia and Liaoning Province, the price was 1155-1165 RMB/Nickel. The low-grade ferronickel price remained at 3300-3450 RMB/T.