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[ferro-alloys.com]Compared to Wuxi 1804 contract, the discount of Russian nickle is zero, and the premium of Jinchuan nickle is 400RMB/T.Today, Jinchuan quoted its electrolytic nickle (big board) at 99000RMB/T in Shanghai. The nickle price went down in the morning, and the downstream alloy firms purchase goods at lower price.The mainstream price is between 98200RMB/T and 99000RMB/T

The price of the stainless steel has kept going down for several days. Today, the 201 series stainless steel price decreased, and so did the 304 series stainless steel price. At present, the supply of nickle ore is abundant. These factors give more pressure on ferronickle. During the Qingming Festival, Taiyuan Iron & Steel Co,.Ltd announced its bidding price of high grade ferronickle.Most of the firms purchased goods at the bidding price. Today, the price of high grade ferronickle fell down. The mainstream price is 950-970RMB/nickle point.Due to the lack of demand, the price of low grade nickle remains 3100-3200RMB/T. 

• [Editor:王可]