[ferro-alloys.com]Due to Black Friday, U.S economy was in good condition. The index of U.S stock rose up, and the index of U.S dollar dropped down. Relatively, LME nickel price rose up by 130 USD/T. It was quoted at 16420 USD/T. Although global nickel market was in upturn, the future nickel price rose up a little in domestic market because downstream industry cut their outputs. Compared with Shanghai future nickel 2101 contract, the discount of Russian nickel was from 100 to 150 RMB/T, and the premium of Jinchuan nickel was 3500-3800 RMB/T. Jinchuan quoted its electrolytic nickel at 125800 RMB/T. It was 300 USD/T higher than the price on last trading day.

Both stainless-steel and ferronickel firms cut their outputs. So, the ferronickel kept stable. Today, in Shandong Provinces, the high-grade ferronickel price was 1040-1060 RMB/Nickel. In Jiangsu and Liaoning Provinces, the price was 1030-1050 RMB/Nickel. In Inner Mongolia, the price was 1030-1040 RMB/Nickel. The low-grade ferronickel price remained at 3300-3400 RMB/T.

• [Editor:王可]