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[ferro-alloys.com]On last Friday, U.S non-agricultural empolyment data did not reach people’s expection. Meanwhile, Euro rose up against U.S dollar, and U.S index went down. By the end of trading, LME nickel was quoted at 13080 USD/T. It was 140 USD/T lower than the price on last Thursday. Due to fall of LME nickel price, the price of Shanghai Future Nickel dropped down. Compared with Wuxi 1903 contract, the premium of Russian nickel was 100-150 RMB/T, and the premium of Jinchuan nickel was 900 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 104800 RMB/T. It was 200 RMB/T lower than the price on lasterday.

Due to fall of nickel market, the price of stainless steel did not rose up today. So, the price of high grade ferronickel kept steady today. The mainstream price of high grade ferronickel was 1055-1075 RMB/Nickel, and the price of low grade ferronickel was still 3250-3400 RMB/T.

• [Editor:王可]