Ferronickel market weekly comment(August 13th - August 17th ) : the prices of high ferronickel was not steady, and the low grade ferronickel kept steady

  • Friday, August 17, 2018
  • Source:ferro-alloys.com

  • Keywords:steady, not steady
[Fellow]Ferronickel market weekly comment(August 13th - August 17th ) : the prices of high ferronickel was not steady, and the low grade ferronickel kept steady

[ferro-alloys.com]Influenced by the declining nickel market, the prices of stainless steel dropped down at most of the time this week. So, the high grade ferronickel price dropped down on Tuesday. On Wednesday, it was said that the environmental protection inspection would start this month in the market. The ferronickel output may be affected in the future. So, the price of high grade ferronickel went up on Wednesday. However, due to the depression of stainless steel market, the high grade ferronickel price went down again. The trading amount of 201 series stainless steel was insufficient this week. So the low grade ferronickel kept steady this week.The Ni1.6-1.8% ferronickel mainstream price was between 3250RMB/T and 3350RMB/T. The Ni 8%-10% ferronickel price was 1070-1090RMB/nickel point.

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

Ferronickel

Region

Current Price

Scope of quoted Price

Ni 1.5%-1.7%

Shandong

3300RMB/tons

3250-3350RMB/tons

Ni 8%-12%

Inner Mongolia

1080RMB/nickel point

1070-1090RMB/nickel point

 

  • [Editor:王可]

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