At present, of the 17,244 tonnes of on-warrant nickel in LME warehouses in Rotterdam, briquette accounts for more than 92%.

A high backwardation continued to dampen import appetite, leading to thin liquidity, although offers were quoted higher.

Earlier this year, the association had forecast steel demand to drop by 1.7% in 2022.

Fastmarkets sources continued to insist that prices were in parity, as rare as the phenomenon is.

Most of the capital goods in China posted lower prices in late October compared with mid-October, official data showed Friday.

Vietnam spent nearly 10.3 billion U.S. dollars importing roughly 9.8 million tons of steel and iron in the first 10 months of this year.

The 2211 ferrosilicon contract price on ZCE closed at 8370 yuan per ton on November 8.

The 2211 ferrosilicon contract price on ZCE closed at 8378 yuan per ton on November 7.