[ferro-alloys.com]The amount of newly-added non-agricultural employment was far more than people’s expection. The index of U.S stock rose up, so did the index of U.S dollar. Meanwhile, by the end of the year, Indonesian government will forbid nickel ore export. The supply may be insufficient. By the end of trading, LME nickel was quoted at 13490 USD/T. It was 210 USD/T higher than the price on last Thursday. Due to rising of LME nickel price, the price of future nickel went up in domestic market today. Compared with Shanghai future nickel 2001 contract, the premium of Russian nickel was 1000-1300 RMB/T, and the premium of Jinchuan nickel was 5200-5500 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 111400 RMB/T. It was 900 higher the price on last Friday.
The stainless steel market was in downturn. The ferronickel traders were not positive, and the ferronickel price remained in lower level.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.