[ferro-alloys.com]Coronavirus pandemic was being serious. U.S economic stimulation did not make any progress. Besides, Europe Union and Britain had not reached an agreement of trade deal. People felt negative about macroeconomy. LME nickel was quoted at 15600 USD/T. It dropped down by 195 USD/T. Due to downturn of LME nickel market, the future nickel price went down largely in domestic market. Compared with Shanghai future nickel 2012 contract, the discount of Russian nickel was 150-250 RMB/T, and the premium of Jinchuan nickel was 2100-2300 RMB/T. Jinchuan quoted its electrolytic nickel at 120500 RMB/T. It was 1000 USD/T lower than the price on last trading day.

The stainless-steel price rose up a little last week. So, the high-grade ferronickel price went up today. In Jiangsu, Shandong Provinces, the high-grade ferronickel price reached 1190 RMB/T at most. In Inner Mongolia and Liaoning Province, the price was 1170-1185 RMB/Nickel. The low-grade ferronickel price remained at 3300-3450 RMB/T.

• [Editor:王可]