Ferronickle market weekly comment(April 23rdto April 26th): the price of high grade ferronickle went up and down, the low grade ferronickle price went down a little this week.

  • Friday, April 27, 2018
  • Source:ferro-alloys.com

  • Keywords:ferronickle,weekly comment
[Fellow]Ferronickle market weekly comment(April 23rdto April 26th): the price of high grade ferronickle went up and down, the low grade ferronickle price went down a little this week.

[ferro-alloys.com]ZPSS announced its electrolytic nickle purchase price at 995RMB/nickle. The LME nickle price went down this week. The traders were not positive in the stainless steel market. According to the message from the market,a large steel plant may delay purchase of high grade ferronickle in May which made the price of high grade ferronickle maintain in lower level. As the fall of LME nickle price, the 201 series stainless steel price decreased this week. At present, the product is oversupplied. These factors made the low ferronickle fell down a little. The Ni1.6-1.8% ferronickle mainstream price is between 2900RMB/T and 2950RMB/T. 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

2925 RMB/Nickle point

2900-2950RMB/Nickle point

Ni 8%-12%

Inner Mongolia

985 RMB/Nickle point

980-990RMB/Nickle point

 

 

  • [Editor:王可]

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