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[ferro-alloys.com]Compared to wuxi 1804 contract, the discount of Russian nickle is 400RMB/T, and the premium of Jinchuan nickle is 100RMB/T.Today, the price of Jinchuan electrolytic nickle(big board) is 101200RMB/T in Shanghai. The nickle was in liberal supply,and the downstream firms purchased goods as required. In general, the trading was not as positive as market expected.

The rain season in Philippine is coming to an end. The supply of the nickle is expected to be abundant in the future market. However, on account of the shipment cost, the price of the nickle ore may not be cut down significantly. Influenced by the environment protection, only few firms are producting ferronickle, and the supply is insufficient.It may lead the ferronickle price rise up. In the meanwhile, the stainless steel trading is not positive. There is g great pressure on the inventory.The trader prefers to sell the goods at lower price. These factors could not maintain the price of ferronickle.

• [Editor:王可]