[ferro-alloys.com]U.S economic stimulation plan had made some progress. Meanwhile, there was some good news about Covid-19 vaccine research. So, U.S stock index rose up, and U.S dollar index dropped down. Relatively, LME nickel was quoted at 16225 USD/T. It rose up by 170 USD/T. Due to upturn of LME nickel market, the future nickel price rose up in domestic market. However, the downstream industries were in downturn, the rising range was less. Compared with Shanghai future nickel 2101 contract, the discount of Russian nickel was from 50 to 100 RMB/T, and the premium of Jinchuan nickel was 3900-4000 RMB/T. Jinchuan quoted its electrolytic nickel at 123000 RMB/T. It was 500 USD/T higher than the price on last trading day.

Both ferronickel output and stainless-steel outputs decreased. So, the ferronickel price kept stable today. Today, in Shandong Provinces, the high-grade ferronickel price was 1030-1050 RMB/Nickel. In Jiangsu and Liaoning Provinces, the price was 1020-1040 RMB/Nickel. In Inner Mongolia, the price was 1010-1030 RMB/Nickel. The low-grade ferronickel price remained at 3300-3400 RMB/T.

• [Editor:王可]