In recent week the medium and high grade nickel ores price basically kept stable while the trading was not well because of the declining FeNi market and the weak demand. Meanwhile, both the spot and futures of low grade Ni ores price went down.
At early of Sept.,the ferrochrome price totally declined, which pulled down the chrome ores spot price and the purchasing volume, and the details were listed as below: chrome ore from South Africa with Cr 40-42% at RMB29-31/mtu while Cr 36-38% lumps at RMB35-3...
Now the operating rate in North areas were still not optimistic. in respective of the market prediction, many producers said the FeNi price was hard to go down for high Ni ores cost while it also difficult to increase for the weak demand form stainless steel m...