[ferro-alloys.com]Due to serious COVID-19 pandemic, Germany and France decided to lockdown. It affected global stock. The index dropped down largely. People felt shocked for macroeconomy. By the end of trading, LME nickel was quoted at 15730 USD/T. It went down by 165 USD/T. Philippine nickel mining suspended its operation, global nickel ore supply was affected. It was good for nickel market. However, macroeconomy was in downturn, the future nickel price went down 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 2900-3100 RMB/T. Jinchuan quoted its electrolytic nickel at 124000 RMB/T. It was the same as 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]