[ferro-alloys.com]The Spring Festival ended. The price of stainless steel rose up. Especially 304 series stainless steel, its price kept on rising in early period of this week. Meanwhile, the increasing rate of adding new ferronickel capacity did not reach people’s expection, so the supply of ferronickel was insufficient. In this week, two large steel plants, Qsingshan and ZPSS, rose its purchase price of high grade ferronickel this week. The purchase price reached 1020 RMB/Nickel. It was 30 RMB/Nickel higher than the price in last period. The Ni 8%-10% ferronickel was quoted at 980-1010 RMB/Nickel. The Ni1.6-1.8% ferronickel mainstream price was between 3250RMB/T and 3450RMB/T. It was the same as the price last week.The following sheet reflect the current ferronickel price during the last few days.

• [Editor:王可]