[ferro-alloys.com]Recently, the index of U.S dollar was in downturn, and people felt optimistic about downstream industry of nickel. So, LME nickel price kept on rising. By the end of trading, LME nickel was quoted at 15625 USD/T. It rose up by 155 USD/T. The future nickel market kept on rising in domestic market in the morning. The trading volume was less. Compared with Shanghai future nickel 2010 contract, the discount of Russian nickel was 250-300 RMB/T, and the premium of Jinchuan nickel was 1700-1800 RMB/T. Jinchuan quoted its electrolytic nickel at 120300 RMB/T. It was 300 RMB/T higher than the price on last trading day.
The stainless-steel price was in upturn. 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.