[ferro-alloys.com]At present, global economy was affected by coronavirus. It was in downturn. The report from INSG showed that the nickel was oversupplied. The price of LME nickel dropped down largely. By the end of trading, LME nickel was quoted at 10915 USD/T. It was 415 USD/T lower than the price on last trading day. Although U.S took new measures to stimulate the market, it did not work. So, the domestic market of future nickel was still in lower level. Today, compared with Shanghai future nickel 2004 contract, the premium of Russian nickel was from 100 to 200 RMB/T, and the premium of Jinchuan nickel was 1700-1900 RMB/T. Jinchuan quoted its electrolytic nickel at 94500 RMB/T. It was 500 RMB/T higher than the price on last trading day.

The stainless steel market was in downturn, so was the ferronickel market. Today, the price of high-grade was 880-890 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]