Ferronickel market weekly comment(Oct 28th- Nov 1st) The high grade ferronickel price remained in low level,the price of low grade ferronickel went down a little.

  • Friday, November 1, 2019
  • Source:ferro-alloys.com

  • Keywords:price,stable
[Fellow]Ferronickel market weekly comment(Oct 28th- Nov 1st) The high grade ferronickel price remained in low level,the price of low grade ferronickel went down a little.

[ferro-alloys.com]In this week, the stainless steel was in downturn. The trading volume was less in ferronickel market. There existed rumor that Indonesia would forbid export of nickel ore in advance. It affected high grade ferronickel market. The price used to rise up a little. After Indonesian government said that the rumor was not true, the price of high grade ferronickel returned to the level last week. The price of low grade ferronickel went down a little this week.  The Ni 8%-10% ferronickel was quoted at 1135-1155 RMB/Nickel. The Ni1.6-1.8% ferronickel mainstream price was 3200-3250 RMB/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%

North Region

3300 RMB/tons

3200-3400 RMB/tons

Ni 8%-12%

Inner Mongolia

1150 RMB/nickel point

1140-1160 RMB/nickel point

 

  • [Editor:王可]

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