[ferro-alloys.com]Yesterday, EU and U.S reached a trade agreement. The panic emotion in the market faded away. So,the LME nickel price rose up. By the end of trading, the LME nickel was quoted at 13715 USD/T. It was 115 USD/T higher than the price on last trading day. In the morning, affected by the rising of LME nickel and great demand for 3 series stainless steel, the future nickel prices in all contracts went up. Compared to Wuxi 1808 contract, the premium of Russian nickel was zero, and the premium of Jinchuan nickel was 1150 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 112000RMB/T. It was 200 RMB/T higher than the price yesterday.

The prices stainless steel products kept rising. However, affected by the high use ratio of steel scrap, the demand for ferronickel was not great. Meanwhile, due to the limited output of ferronickel, the supply of ferronickel was restricted in the market. The ferronickel market kept steady in the market. Today, the price of high grade ferronickel was 1070-1085 RMB/T, and the low grade ferronickel was quoted at 3400-3500 RMB/T.

• [Editor:王可]