[ferro-alloys.com]Last Friday, U.S presidential election situation was not clear. Meanwhile, the downstream industry was in downturn. So, LME nickel market was affected. It was quoted at 15345 USD/T. It dropped down by 215 USD/T. Today, the final result of U.S presidential election had been announced. It was good for macroeconomy situation. The domestic market of future nickel was encouraged. The price rose up. Compared with Shanghai future nickel 2012 contract, the discount of Russian nickel was 0-150 RMB/T, and the premium of Jinchuan nickel was 6000-6600 RMB/T. Jinchuan quoted its electrolytic nickel at 123200 RMB/T. It was 1200 RMB/T higher than the price on last trading day.

Due to downturn of stainless-steel market, so the ferronickel price dropped down. In Shandong Provinces, the high-grade ferronickel price reached 1165 RMB/T at most. In Inner Mongolia, the price was 1140-1150 RMB/Nickel. In Jiangsu and Liaoning Provinces, the price was 1145-1155 RMB/Nickel. The low-grade ferronickel price remained at 3300-3400 RMB/T.

• [Editor:王可]