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【ferro-alloys.com】Recently, U.S dollar index kept on dropping. Besides, China has signed phase 1 trade deal with U.S. It encouraged international market. By the end of trading, LME nickel was quoted at 14340 USD/T. It was 450 USD/T higher than the price on last trading day. The trading volume was still less in domestic future nickel market today. Due to rising of LME nickel price, the price of future nickel went up largely. Compared with Shanghai future nickel 2002 contract, the premium of Russian nickel was from 50 to 100 RMB/T, and the premium of Jinchuan nickel was 4700-5000 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 115400 RMB/T. It was 1900 higher than the price yesterday. 

The Spring Festival was coming soon. The stainless steel market was in downturn, so was the ferronickel market.Today，the mainstream of high grade ferronickel was 960-970 RMB/Nickel point, and the price of low grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]