[ferro-alloys.com]Global investors were not confident with American financial policy. The index of U.S stock dropped down largely. Besides, coronavirus was spreading. People felt shocked in the market. So, LME nickel was quoted at 12450 USD/T. It was 285 USD/T lower than the price on last trading day. Due to the trend of LME nickel price, the  price of future nickel fell down largely in domestic market. Today, compared with Shanghai future nickel 2004 contract, the discount of Russian nickel was from -50 to 50 RMB/T, and the premium of Jinchuan nickel was 1400-1600 RMB/T. Jinchuan quoted its electrolytic nickel at 101000 RMB/T. It was 3000 RMB/T lower 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]