[ferro-alloys.com]Due to serious epidemic in U.S, people were worried about strict anti-epidemic measures. Besides, U.S economic stimulation plan had not made progress. So, U.S stock index went down, and U.S dollar index went up. By the end of trading, LME nickel was quoted at 16335 USD/T. It went down by 10 USD/T. Domestic downstream industry market rebounded, so the price of future nickel rose up today. Compared with Shanghai future nickel 2101 contract, the discount of Russian nickel was from -50 to 50 RMB/T, and the premium of Jinchuan nickel was 3700-3900 RMB/T. Jinchuan quoted its electrolytic nickel at 123800 RMB/T. It was 300 USD/T higher than the price on last trading day.

Global nickel market did not rise up a lot. So, the ferronickel price was stable. 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]