Ferronickel market weekly comment (Oct 29th- Nov 2nd) The price of ferronickel went down in this week

  • Friday, November 2, 2018
  • Source:ferro-alloys.com

  • Keywords:ferronickel, price, fell down
[Fellow]Ferronickel market weekly comment (Oct 29th- Nov 2nd) The price of ferronickel went down in this week

[ferro-alloys.com]In this week, stainless steel market was not well.304 series stainless steel price kept on dropping. Although some steel plants raised their 201 series stainless steel prices, the traders were not positive in the market.Influenced by environmental protection inspection, the output of ferronickel was restricted. Due to the fall of LME nickel price, ferronickel price dropped down this week. The purchase price of high grade ferronickel by ZPSS was 1050 RMB/Nickel this week. It was 30 RMB/Nickel lower than the price last time.The Ni 8%-10% ferronickel mainstream price was 1040-1055 RMB/Nickel. The Ni1.6-1.8% ferronickel mainstream price was between 3550RMB/T and 3650RMB/T.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

1047.5RMB/nickel point

1040-1055RMB/nickel point

 

  • [Editor:王可]

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