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[ferro-alloys.com]The price of LME nickle price went on declining yesterday. In the end, the LME nickle was quoted at 14090USD/T. Compared to Wuxi 1805 contract, the premium of Russian nickle is 600-800RMB/T, and the premium of Jinchuan nickle is 1000-1200RMB/T. Today, Jinchuan quoted its electrolytic nickle (big board) at 104500RMB/T. The nickle price went up and down in the morning, and the downstream firms purchased the raw material as they needed. The traders were not positive in the market. The mainstream price is between 103300RMB/T and 104500RMB/T.

The declining of LME nickle price affected stainless steel market. Today, the main series of stainless steel products prices went down. Only few trading has been completed.It made high grade ferronickle market suffered pressure on the supply chain field. Today, the price of high grade ferronickle has been decreased. It was quoted at 970-980RMB/nickle. The low grade ferronickle price was maintained at 2900-3000RMB/T.

• [Editor:王可]