[ferro-alloys.com]The growing rate of U.S consumer expenditure had reached the highest level in the last ten years in March this year. The index of U.S dollar rose up at first, and then went down. By the end of trading, LME nickel was quoted at 12410 USD/T. It was 25 USD/T lower than the price on last Friday. The Labor Festival was coming soon. The trading volume was less in future nickel market in Shanghai today. Due to fall of LME nickel price and downturn of downstream market, the price of Shanghai future nickel dropped down. Compared with Wuxi 1905 contract, the premium of Russian nickel was 400-500 RMB/T, and the premium of Jinchuan nickel was 3000 RMB/T.

The stainless steel market was still in downturn, and the prices of main products were in lower level. The holiday was coming soon, so the traders were not positive in the market. The ferronickel market kept steady today. The mainstream price of high grade ferronickel was 950-960 RMB/Nickel, and the price of low grade ferronickel was 3200-3400 RMB/T.

• [Editor:王可]