[ferro-alloys.com]Compared to Wuxi 1804 contract, the discount of Russian Nickle is 200RMB/T, and the premium of Jinchuan Nickle is 400RMB/T. Today, the price of Jinchuan electrolytic price(big board) is 97200RMB/T in Shanghai. The nickle price went up and down. The trading was not positive. The mainstream price is from 96200RMB/T to 97200RMB/T.

As the nickle ore supply is abundant in domestic market, the bidding price of high grade ferronickle will be announced in the end of March. The manufactures become cautious. They bought goods as required. Although the ferronickle is not in great demand, the market is short of spot goods.The price of high grade ferronickle may keep steady. Because of the environment protection policy and weakness of the stainless steel market,the resume of low grade ferronickle production is limited.The supply and demand are both short. The factory price of low grade ferronickle is about 3300RMB/T. 

• [Editor:王可]