[ferro-alloys.com]U.S economy was in downturn. The index of U.S dollar was affected, it dropped down.  Besides, the export of nickel ore was influenced due to Coronavirus, the supply was insufficient. So, LME nickel price went up. By the end of trading, it was quoted at 11470 USD/T. It was 155 USD/T higher than the price on last trading day. The trading volume was larger in domestic market of future nickel. However, its price dropped down a little. Today, compared with Shanghai future nickel 2005 contract, the discount of Russian nickel was from 0 to 100 RMB/T, and the premium of Jinchuan nickel was 1600-1800 RMB/T. Jinchuan quoted its electrolytic nickel at 94500 RMB/T. It was the same as the price on last trading day.

The stainless steel market was stable, so was the ferronickel market. Today, the price of high-grade was 865-880 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]