Ferronickle market weekly comment(June 25th-June 29th): the price of ferronickle kept steady in general this week

  • Friday, June 29, 2018
  • Source:ferro-alloys.com

  • Keywords:ferronickle,weekly comment
[Fellow]Ferronickle market weekly comment(June 25th-June 29th): the price of ferronickle kept steady in general this week

[ferro-alloys.com][ferro-alloys.com]In this week, the LME nickle price went down in general, the future nickle prices were not steady in Shanghai Future Exchange. The governmental inspection group went on their work in ferronickle production areas. The output of ferronickle was still insufficient. At present, the traders were not positive in the stainless steel market. What’s more, the bidding price of ferronickle purchase has not been announced at present. Most of traders just observed the market situation this week. On Monday,the traders were worried about th shortage of ferronickle supply in the market, the ferronickle price went up a little. In general, the ferronickle price kept steady.The Ni1.6-1.8% ferronickle mainstream price is between 3350RMB/T and 3450RMB/T. The Ni 8%-10% ferronickle price is 1070-1090RMB/nickle point.

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

Ferronickle

Region

Current Price

Scope of quoted Price

Ni 1.5%-1.7%

Shandong

3400RMB/Nickle point

3350-3450RMB/Nickle point

Ni 8%-12%

Inner Mongolia

1080RMB/Nickle point

1070-1090RMB/Nickle point

 

  • [Editor:王可]

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