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[ferro-alloys.com]On last Friday, the U.S retail index rose up，so did the index of U.S dollar. These data showed that U.S economy might not be in recession in short terms. By the end of trading, LME nickel was quoted at 11920 USD/T, it was 75 USD/T higher than the price on last Thursday. The supply of future nickel was adequate. People from downstream industry were still cautious. The trading volume was not as much as people’s expection. The price of future nickel was stable today. Compared with Wuxi 1907 contract, the premium of Russian nickel was 300-400 RMB/T, and the premium of Jinchuan nickel was 900-1000 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 100600 RMB/T. It was 400 RMB/T lower than the price on last Friday.

The stainless steel market kept steady, and the product price was stable. So, the ferronickel market was steady in general. Today, the price of high grade feronickel rose up a little. It was 940-955 RMB/Nickel, and the price of low grade ferronickel was 3200-3400 RMB/T.

• [Editor:王可]