[ferro-alloys.com]Due to Covid-19 in Europe, France and Germany decided to lockdown. Besides, U.S economic stimulation plan did not make any progress. People felt negative with global macroeconomy. So, LME nickel price dropped down in general. By the end of trading, LME nickel was quoted at 15555 USD/T. It dropped down by 239310 tons. Typhon hit Philippines, and Philippine nickel ore mining suspended their production because of COVID-19. It was good for nickel market. However, global macroeconomy was in downturn, LME nickel market fell down. So, the electrolytic nickel market was not stable. In the morning, Jinchuan quoted its electrolytic nickel at 122000 RMB/T. The barrelled small piece electrolytic nickel was quoted at 123200 RMB/T. The price of Jinchuan nickel was 121800-122300 RMB/T, and Russian nickel was quoted at 118800-119100 RMB/T.

• [Editor:王可]