[ferro-alloys.com]In this week, all parties did not reach an agreement in OPEC conference. The oil price started to fluctuate. It shocked global economy. Meanwhile, Coronavirus was spreading worldwide. People were negative in the market. The index of global stocks fell down largely. So, the prices of metals fell down largely, including nickel. Yesterday, LME nickel was quoted at 11880 USD/T. Its inventory was 234878 tons. The trading volume of future nickel was more than the volume last week in domestic market. However, due to fall of LME nickel price, the price of electrolytic nickel fell down largely. In the morning, Jinchuan quoted its electrolytic nickel at 98000 RMB/T. The barrelled small piece electrolytic nickel was quoted at 99200 RMB/T. The price of Jinchuan nickel was 97600-98400 RMB/T, and Russian nickel was quoted at 96000-96800 RMB/T.

• [Editor:王可]