[Ferro-Alloys.com] This week, domestic nickel ore price held steady, low-grade nickel ore 0.9-1.1 was mainly quoted at 150-170yuan/t per wet tone; mid-grade nickel ore 1.5 was mainly quoted at 240-260yuan per wet tone; high-grade nickel ore 1.8 was mainly quoted at 430-450yuan per wet tone.
The Weekly Nickel Ore Prices in Chinese Main Ports |
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Nickel Ore |
0.9-1.1% |
1.4% |
1.5% |
1.6% |
1.7% |
1.8% |
1.9% |
2.0% |
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10.26 |
150-170 |
200-220 |
240-260 |
290-310 |
350-370 |
430-450 |
500-520 |
560-580 |
|||||
10.27 |
150-170 |
200-220 |
240-260 |
290-310 |
350-370 |
430-450 |
500-520 |
560-580 |
|||||
10.28 |
150-170 |
200-220 |
240-260 |
290-310 |
350-370 |
430-450 |
500-520 |
560-580 |
|||||
10.29 |
150-170 |
200-220 |
240-260 |
290-310 |
350-370 |
430-450 |
500-520 |
560-580 |
|||||
10.30 |
150-170 |
200-220 |
240-260 |
290-310 |
350-370 |
430-450 |
500-520 |
560-580 |
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Changes |
- |
- |
- |
- |
- |
- |
- |
- |
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The Weekly Nickel Ore Futures Prices |
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Nickel Ore |
0.9-1.1% |
1.4% |
1.5% |
1.6% |
1.8% |
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10.26 |
16-18 |
22-24 |
30-32 |
35-37 |
50-51 |
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10.27 |
16-18 |
22-24 |
30-32 |
35-37 |
50-51 |
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10.28 |
16-18 |
22-24 |
30-32 |
35-37 |
50-51 |
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10.29 |
16-18 |
22-24 |
30-32 |
35-37 |
50-51 |
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10.30 |
16-18 |
22-24 |
30-32 |
35-37 |
50-51 |
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Changes |
- |
- |
- |
- |
- |
So far, domestic ferrous nickel factories preferred 1.5 nickel ore, coupled with 1.8 nickel ore, in order to cut costs in the short term. As a result of it, the raw materials to produce high-grade ferrous nickel consist of 50% of mid-grade nickel ore and 50% of high-grade nickel ore.
In the outer disc market, nickel ore futures 0.9-1.1% was mainly quoted at $16-18 per wet tone; mid-grade nickel ore futures 1.5% was mainly quoted at $30-32 per wet tone; high-grade nickel ore futures 1.8% was mainly quoted at $50-51 per wet tone. Supported by the coming rainy season in Philippine, the nickel ore futures was obviously prompted and rebounded, coupled with ferrous nickel factories to reserve for the mid- and long-term period, a trader said.
- [Editor:Juan]
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