[Ferro-Alloys.com] Last week, domestic low-grade ferrous nickel price tumbled pretty much while mid- and high-grade ferrous nickel held steady. The low-grade ferrous nickel 1.6-1.8 was mainly quoted at 1700-1750yuan/t, down 50yuan/t week over week. Mid-grade ferrous 4-6 was mainly quoted at 780-790yuan/ni; ferrous nickel 6-8 was mainly quoted at 770-790yuan/ni; High-grade ferrous nickel 10-15 was mainly quoted at 770-790yuan/ni.
The Weekly Ferronickel Prices in China |
||||
Ferronickel |
1.6-1.8% |
4-6% |
6-8% |
10-15% |
10.26 |
1750-1800 |
780-790 |
770-790 |
770-790 |
10.27 |
1750-1800 |
780-790 |
770-790 |
770-790 |
10.28 |
1700-1750 |
780-790 |
770-790 |
770-790 |
10.29 |
1700-1750 |
780-790 |
770-790 |
770-790 |
10.30 |
1700-1750 |
780-790 |
770-790 |
770-790 |
Changes |
-50 |
- |
- |
- |
Among last week, the steel makers announced a higher purchase price of nickel alloys. On Oct. 27, Guangqing Technology Corporation finalized the purchase price of high-grade nickel alloys as 800yuan/ni in the fourth round, up 20yuan/t compared to last time.
In October 2015, the Ferrous nickel output hit a record low of 23,100 tones in Liaoning Province since the Indonesian ban. Among last month, the high-grade ferrous nickel was mainly traded at 780-800yuan/ni and mid-grade ferrous nickel was most popular.
- [Editor:Juan]
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