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[ferro-alloys.com]Chinese economy was in good conditiion. So, the index of U.S dollar used to dropped down. However, Europen Central Bank was in dovish position, and Euro index went down. Relatively, U.S dollar started to rose up. By the end of trading, LME nickel was quoted at 12885 USD/T. It was 45 USD/T lower than the price on Tuesday. Today, the supply of Shanghai future nickel was more abudant. Meanwhile, LME nickel price dropped down. So, the price of Shanghai future nickel dropped down. Compared with Wuxi 1905 contract, the premium of Russian nickel was 900-1000 RMB/T, and the premium of Jinchuan nickel was 2200 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 102200 RMB/T. It was 1000 RMB/T lower than the price yesterday. 

Today, the stainless steel market was in downturn. The prices of main products went down largely. It affected ferronickel market. Today, the mainstream price of high grade ferronickel was 1000-1015 RMB/Nickel. It was lower than the price yesterday. The price of low grade ferronickel remained at 3200-3400 RMB/T.

• [Editor:王可]