[ferro-alloys.com]Encouraged by good news from G20 Summit, both global stocks market aand future market lifted up yesterday. By the end of trading, LME nickel was quoted at 11195 USD/T. It was 100 USD/T higher than the price on last trading day. The supply-demand level was low in domestic nickel market today, so the nickel market was in downturn. Russian nickel price, Jinchuan nickel price and Shanghai future nickel price fell down today. Compared with Wuxi 1812 contract, the discount of Russian nickel was 200-250 RMB/T, and the premium of Jinchuan nickel was 8300 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 99000 RMB/T. It was 1000 RMB/T higher than the price yesterday.

Affected by good news of macro economy, the prices of some stainless steel products remained raising today. However, the total trading volume decreased compared to the volume yesterday.It is still in downturn. So, the ferronickel price could not lift up. It kept stable today. The high grade ferronickel was quoted at 940-960 RMB/Nickel, and low grade ferronickel price remained at 3500-3600 RMB/T.

• [Editor:王可]