[ferro-alloys.com]The employment quantity of non-agricultural industries increased by 0.196 million in U.S in March. It was higher than people’s expection. The unemployment rate was 3.8%. Meanwhile, both China and U.S had made good progress on trade negotiation. The index of U.S dollar rose up on last Friday. So, the price of nonferrous metal went down. By the end of trading, LME nickel was quoted at 13060 USD/T. It was 100 USD/T lower than the price on last Thursday. Today, people were positive in Shanghai future nickel market. The supply of future nickel was insufficient. Due to fall of LME nickel price, the price of future nickel dropped down today.Compared with Wuxi 1904 contract, the premium of Russian nickel was 300 RMB/T, and the premium of Jinchuan nickel was 1200 RMB/T.

After Qingming Festival, the stainless steel market was still in downturn. The price of 304 series stainless steel dropped down a little. The price of 201 series stainless steel kept steady. The ferronickel market was stable today. The mainstream price of high grade ferronickel was 1015-1025 RMB/Nickel, and the price of low grade ferronickel was 3200-3400 RMB/T.

• [Editor:王可]