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[ferro-alloys.com]Due to high level of the index of U.S dollar, the price of LME nickel kept on dropping. By the end of trading, LME nickel was quoted at 12570 USD/T. It was 170 USD/T lower than the price on last trading day. The trading volume was less in domestic market of future nickel today. Besides, the price of LME nickel wen down, so was the price of future nickel in domestic market. Today, compared with Shanghai future nickel 2003 contract, the discount of Russian nickel was from 0 to 100 RMB/T, and the premium of Jinchuan nickel was 700-800 RMB/T. Jinchuan quoted its electrolytic nickel at 101600 RMB/T. It was 1400 RMB/T lower than the price on last Friday.

The market of stainless-steel was in downturn. The prices of some products dropped down. So, the ferronickel price was affected. It dropped down today. The price of high-grade ferronickel was 930-940 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]