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[ferro-alloys.com]Due to British Bank vocation, London Metal Exchange was still closed. Recently, the index of U.S dollar dropped down, and domestic manufacture industry was in good condition. So, the future nickel market was in upturn in domestic market. Compared with Shanghai future nickel 2010 contract, the discount of Russian nickel was 200-300 RMB/T, and the premium of Jinchuan nickel was 700-800 RMB/T. Jinchuan quoted its electrolytic nickel at 122000 RMB/T. It was 1000 RMB/T higher than the price on last trading day.

The stainless-steel market was in upturn. So, the ferronickel price rose up. In Jiangsu, Shandong Provinces, the high-grade ferronickel price reached 1135 RMB/T at most. In Inner Mongolia and Liaoning Province, the price was 1115-1125 RMB/Nickel. The low-grade ferronickel price remained at 3300-3450 RMB/T.

• [Editor:王可]