[ferro-alloys.com]The influence of crude oil price had faded away. All countries took actions to ensure their financing. The price of LME nickel started to rise. By the end of trading, LME nickel was quoted at 12735 USD/T. It was 135 USD/T higher than the price on last trading day. The price of future nickel in domestic market rose up, and the demand was decreasing. Today, compared with Shanghai future nickel 2004 contract, the discount of Russian nickel was from 0 to 50 RMB/T, and the premium of Jinchuan nickel was 1000-1200 RMB/T. Jinchuan quoted its electrolytic nickel at 104000 RMB/T. It was 1000 RMB/T higher than the price yesterday.

Recently, the stainless-steel market was in downturn. The ferronickel market was still in lower level. Today, the price of high-grade ferronickel fell down. It was quoted at 890-915 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]