[ferro-alloys.com]The index of U.S dollar rose up, the nickel market was affected, LME nickel price dropped down. Yesterday, LME nickel was quoted at 15240 USD/T by the end of trading. It dropped down by 25 USD/T. The demand for nickel was relatively insufficient from downstream industry. Besides, LME nickel market was in downturn. The future nickel price dropped down in domestic market. Compared with Shanghai future nickel 2010 contract, the discount of Russian nickel was 500-600 RMB/T, and the premium of Jinchuan nickel was 1500-1600 RMB/T. Jinchuan quoted its electrolytic nickel at 120300 RMB/T. It was the same as the price on last trading day.
The stainless-steel market was stable today， so was the ferronickel price. 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.