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[ferro-alloys.com]Last week, the market of Shanghai future nickel dropped down. Meanwhile, the index of U.S dollar was still in downturn. So, the price of LME nickel went down. By the end of trading, LME nickel was quoted at 12280 USD/T. It dropped down by 140 USD/T. The domestic market of future nickel kept steady today. Compared with Shanghai future nickel 2007 contract, the discount of Russian nickel was from 0 to 100 RMB/T, and the premium of Jinchuan nickel was 1100-1200 RMB/T. Jinchuan quoted its electrolytic nickel at 101500 RMB/T. It was the same as the price on last trading day.

The stainless-steel market was stable today, so was the ferronickel market. Today, the mainstream price of high-grade ferronickel was 970-990 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]