[ferro-alloys.com]Recently, FED took measures to prevent the U.S dollar index from declining. Recently, due to COVID-19, the nickel ore export was affected. The trading volume was less. So, LME nickel price went up. By the end of trading, LME nickel was quoted at 11420 USD/T on last Friday. It was 205 USD/T higher than the price on last trading. Today, the domestic market of future nickel was relatively stable. Today, compared with Shanghai future nickel 2004 contract, the discount of Russian nickel was from 0 to 100 RMB/T, and the premium of Jinchuan nickel was 1800-2000 RMB/T. Jinchuan quoted its electrolytic nickel at 94500 RMB/T. It was 900 RMB/T higher than the price on last trading day.

The stainless-steel market was in downturn. So, the ferronickel price dropped down further. Today, the price of high-grade was 865-880 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]