[ferro-alloys.com]The transmission of COVID-19 had been restrained in some countries. People felt encouraged in the market. Meanwhile, some nickel ore exporters in Philippine had resumed their export. So, the nickel market went up a little. By the end of trading, LME nickel was quoted at 11430 USD/T. It rose up by 150 USD/T on last trading day. The trading volume was not large in domestic market of future nickel. The price kept relatively stable. Today, compared with Shanghai future nickel 2005 contract, the premium of Russian nickel was from 0 to 50 RMB/T, and the premium of Jinchuan nickel was 1600-1700 RMB/T. Jinchuan quoted its electrolytic nickel at 95300 RMB/T. It was 300 RMB/T higher than the price on last trading day.

The stainless-steel market was still in downturn. The ferronickel price was also in lower level. Today, the price of high-grade was 865-880 RMB/Nickel, and the price of low-grade ferronickel was 3300-3450 RMB/T.

• [Editor:王可]