The price of ferronickle fell this week(March 19th -March 23rd )

  • Friday, March 23, 2018
  • Source:ferro-alloys.com

  • Keywords:ferronickle, fell
[Fellow]Ferronickle Market weekly comment (March 19th -March 23rd ): The price of ferronickle fell this week

[ferro-alloys.com]The rain season in Philippine ended this week, and the supply of nickle ore has been sufficient. At present, the domestic stainless steel plants reduce their production.These factors made the requirement of high grade ferronickle decreased.The production capability of low grade is at low level, and the inventory is at low level,too. Some trader keep some spot good. They are optimistic to wait for the better price. The Ni1.6-1.8% ferronickle mainstream price is between 3300RMB/nickle point and 3400RMB/nickle point. The Ni 8%-10% ferronickle price is 980-990RMB/nickle point.

 

The following sheet reflect the current ferronickle price during the last few days

Ferronickle

Region

Current Price

Scope of quoted Price

Ni 1.5%-1.7%

Shandong

3350 RMB/Nickle point

3300-3400RMB/Nickle point

Ni 8%-12%

Inner Mongolia

985 RMB/Nickle point

980-990RMB/Nickle point

  • [Editor:王可]

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