Low-grade Ferronickel Fell but Purchase Becomes Better (Oct 26th-Oct 30th)

  • Monday, November 2, 2015
  • Source:ferro-alloys.com

  • Keywords:Ferrous nickel, The purchase price, Operating rate
[Fellow][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 f...

[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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