Ferronickel market weekly comment (August 27th - August 31st): High grade ferronickel price kept on rising, so did the low grade ferronickel

  • Friday, August 31, 2018
  • Source:ferro-alloys.com

  • Keywords:price,rising
[Fellow]Ferronickel market weekly comment (August 27th - August 31st): High grade ferronickel price kept on rising, so did the low grade ferronickel

[ferro-alloys.com]The second round environmental protection inspection went on nationwide this week. The output of high grade ferronickel was restricted, and the supply of high grade ferronickel was not insufficient in the market. It was good for high grade ferronickel market. The bidding price of high grade ferronickel purchase by ZPSS was 1120 RMB/Nickel this week. It was 5 RMB/Nickel higher than the price in the last round. Due to the environmental protection, the coke price rose up. It was used as ingredients for low grade ferronickel. So, the price of low grade ferronickel went up. Today, The Ni1.6-1.8% ferronickel mainstream price was between 3550RMB/T and 3650RMB/T. The Ni 8%-10% ferronickel price was 1090-1110RMB/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

3600RMB/tons

3550-3650RMB/tons

Ni 8%-12%

Inner Mongolia

1100RMB/nickel point

1090-1110RMB/nickel point

 

  • [Editor:王可]

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