【ferro-alloys.com】The index of U.S dollar rose up. So, the price of LME nickel went down. By the end of trading, LME nickel was quoted at 17950 USD/T. It was 150 USD/T lower than the price on Monday. People purchased goods as required in future nickel market today. Due to fall of LME nickel price, the price of future nickel dropped down.Compared with Shanghai future nickel 1910 contract, the discount of Russian nickel was 100 RMB/T, and the premium of Jinchuan nickel was 200-300 RMB/T. Today, Jinchuan didn’t adjust its electrolytic nickel price. It was quoted at 143000 RMB/T.
It was said that the output of stainless steel would be decreased. So, the demand for ferronickel would be decreased. Besides, due to fall of nickel market, the ferronickel price went down. The high grade ferronickel was quotd at 1135-1155 RMB/Nickel.The low grade ferronickel was 3200-3250 RMB/T.