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[ferro-alloys.com]On Monday, London Metal Exchange closed. In domestic market, the traders were eager to sell Russian nickel. So, its price dropped down. Besides, the trading volume of future nickel was less, and the price was relatively stable. Compared with Shanghai future nickel 2007 contract, the discount of Russian nickel was from 100 to 200 RMB/T, and the premium of Jinchuan nickel was 1100-1200 RMB/T. Jinchuan quoted its electrolytic nickel at 101700 RMB/T. It was 200 RMB/T higher than the price on last trading day.

The stainless-steel demand was insufficient, its price could not rise up. The ferronickel market was relatively stable. Today, the mainstream price of high-grade ferronickel was 970-990 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]