[ferro-alloys.com]There was some good news about Covid-19 Vaccine, U.S stock was in upturn. So, LME nickel price rose up by 35 USD/T. It was quoted at 16370 USD/T. Due to upturn of LME nickel market, the future nickel price rose up a little. Compared with Shanghai future nickel 2101 contract, the discount of Russian nickel was from 0 to 50 RMB/T, and the premium of Jinchuan nickel was 3300-3600 RMB/T. Jinchuan quoted its electrolytic nickel at 123800 RMB/T. It was the same as the price on last trading day.

The profit of downstream industry was restricted. 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]