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[ferro-alloys.com]The price of nickel ore went down in Southeast Asia. Meanwhile, the market of future nickel rose up in Shanghai market. So, LME nickel price went up. By the end of trading, LME nickel was quoted at 12350 USD/T, it was 70 USD/T higher than the price on last trading day. The demand for Shanghai future nickel was insufficient, the market was in downturn. Compared with Shanghai future nickel 2007 contract, the discount of Russian nickel was from 150 to 200 RMB/T, and the discount of Jinchuan nickel was 1000-1100 RMB/T. Jinchuan quoted its electrolytic nickel at 101300 RMB/T. It was 200 RMB/T higher than the price on last trading day.

Recently, the stainless-steel market could not rise up. So, the ferronickel was stable. 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]