[ferro-alloys.com]Yesterday, the index of U.S dollar kept on rising. The supply of nickel was sufficient, and the demand for nickel was relatively insufficient. So, the nickel price kept on dropping. Yesterday, LME nickel was quoted at 14640 USD/T. It was 135 USD/T lower than the price on Monday. Due to fall of LME nickel price, the price of future nickel  went on dropping in domestic market. The trading volume was less in spot market. Compared with Shanghai future nickel 1912 contract, the discount of Russian nickel was 2400-2500 RMB/T, and the premium of Jinchuan nickel was 8300-8500 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 124500 RMB/T. It was 1500 RMB/T lower than the price yesterday.

The stainless steel market was still in downturn. The demand for ferronickel was insufficient. Some large steel plant had decreased their bidding price. The mainstream price of high grade ferronickel dropped down. It was quoted at 1080-1100 RMB/Nickel. The low grade ferronickel was quoted at 3250-3400 RMB/T.

• [Editor:王可]