[ferro-alloys.com]Recently, the demand for nickel was insufficient. It influenced global nickel market. So, LME nickel price went down by 195 USD/T. It was quoted at 16060 USD/T. Due to lack of demand from downstream industry, the trading volume was less. So, the future nickel price went down in domestic market. Compared with Shanghai future nickel 2101 contract, the discount of Russian nickel was from 100 to 200 RMB/T, and the premium of Jinchuan nickel was 4000-4400 RMB/T. Jinchuan quoted its electrolytic nickel at 123000 RMB/T. It was 500 USD/T lower than the price on last trading day.

The stainless-steel market was in downturn, so was the ferronickel market. Today, in Shandong Provinces, the high-grade ferronickel price was 1020-1030 RMB/Nickel. In Jiangsu and Liaoning Provinces, the price was 1010-1020 RMB/Nickel. In Inner Mongolia, the price was 1000-1010 RMB/Nickel. The low-grade ferronickel price remained at 3300-3400 RMB/T.

• [Editor:王可]