[ferro-alloys.com]Global Covid-19 pandemic was being more and more serious. The index of U.S dollar went up. Macroeconomy was not good. LME nickel market was affected, it was quoted at 14545 USD/T by the end of trading. It dropped down by 310 USD/T. The future nickel market was influenced by macroeconomy condition and LME nickel market. The price dropped down largely. Compared with Shanghai future nickel 2010 contract, the discount of Russian nickel was 400-450 RMB/T, and the premium of Jinchuan nickel was 1700-1900 RMB/T. Jinchuan quoted its electrolytic nickel at 115300 RMB/T. It was 2200 USD/T lower than the price on last trading day.

The stainless-steel market was stable, so was the ferronickel market. In Jiangsu, Shandong Provinces, the high-grade ferronickel price reached 1165 RMB/T at most. In Inner Mongolia and Liaoning Province, the price was 1155-1165 RMB/Nickel. The low-grade ferronickel price remained at 3300-3450 RMB/T.

• [Editor:王可]