[ferro-alloys.com]At the beginning of this year, Chinese Central Bank announced to decrease reserve requirement ratio by 0.5 percent. It could promote market trading. Besides, U.S announced that China would sign phase one trade deal with U.S on January 15^th. It was good for global economy. On December 31^st, 2019, LME nickel was quoted at 14060 USD/T. It was 260 USD/T lower than the price on last trading day. The supply of Jinchuan nickel was still insufficient, so Jinchuan future nickel price kept on rising. The demand for Russian nickel was insufficient, so its price dropped down a little. Compared with Shanghai future nickel 2002 contract, the discount of Russian nickel was from 100 to 200 RMB/T, and the premium of Jinchuan nickel was 4500-4800 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 114000 RMB/T. It was 800 lower than the price on last trading day. 

The stainless steel market was stable, so was the ferronickel market.Today，the mainstream of high grade ferronickel was 970-1000 RMB/Nickel point, and the price of low grade ferronickel was 3300-3450 RMB/T.  

• [Editor:王可]