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[ferro-alloys.com]FED members had different views about interest reduction. The index of U.S dollar went up. Relatively, the price of LME nickel dropped down by 10 USD/T.It was quoted at 17370 USD/T.Although downstream firms were more positive in the future nickel market, the trading volume was still less. Due to fall of LME nickel price, the price of future nickel went down.Compared with Shanghai future nickel 1911 contract, the discount of Russian nickel was 0-100 RMB/T, and the premium of Jinchuan nickel was 100-200 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 137000 RMB/T, it was 1500 RMB/T lower than the price yesterday. 

The stainless steel market was stable, and the product price was in high level in general. So, the price of ferronickel maintained in high level.The high grade ferronickel was quotd at 1145-1180 RMB/Nickel.The low grade ferronickel was 3200-3250 RMB/T.

• [Editor:王可]