[ferro-alloys.com]Coronavirus pandemic was being serious. U.S economic stimulation did not make any progress. The index of U.S dollar went up. LME nickel was quoted at 15590 USD/T. It dropped down by 10 USD/T. In the morning, the future nickel price went up largely in domestic market. Compared with Shanghai future nickel 2012 contract, the discount of Russian nickel was 100-250 RMB/T, and the premium of Jinchuan nickel was 2500-2600 RMB/T. Jinchuan quoted its electrolytic nickel at 121500 RMB/T. It was 1000 USD/T higher than the price on last trading day.

The stainless-steel market was stable. So, the high-grade ferronickel Kept steady today. In Jiangsu, Shandong Provinces, the high-grade ferronickel price reached 1190 RMB/T at most. In Inner Mongolia and Liaoning Province, the price was 1170-1185 RMB/Nickel. The low-grade ferronickel price remained at 3300-3450 RMB/T.

• [Editor:王可]