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[ferro-alloys.com]Yesterday, Vice chairman of U.S FED made a hawkish speech. U.S dollar raised up. Relatively, LME nickel price dropped down. By the end of trading, LME nickel was quoted at 10740 USD/T. It was 140 USD/T lower than the price on Monday. Influenced by cautious atmosphere in the market, the nickel market kept steady today. The trading volume was less. Both Russian nickel price and Jinchuan nickel price rose up a little.Today, Jinchuan quoted its electrolytic nickel at 99000 RMB/T. It was the same as the price yesterday.

At present, stainless steel was in downturn. The prices of some products kept declining. Only few deals have been made. The downstream traders were not positive in the market. Today, the high grade ferronickel price kept steady. The mainstream price was 955-970 RMB/Nickel. The low grade ferronickel price remained at 3500-3650 RMB/T.

• [Editor:王可]