China Sluggish Demand Dragged Global Nickel Atmosphere (Aug3rd-Aug 7th)

FeNi Price Went Down Due to Sluggish Demand (Aug 3rd-Aug 7th)

London Metal Exchange (LME) nickel prices settled at US$10,820/ton on August 6th, rising by US$30/ton from the previous day.

[Ferro-Alloys.com]Up to now, some Chinese steel mills already settled August bidding price on ferrosilicon.

[Ferro-Alloys.com]It is said that South Africa manganese ore miner, UMK unveiled September manganese ore shipment to China. The price of Mn37.5%Fe5% was unchanged at USD2.7/mtu, (CIF,China).

Under the low price, some EMM enterprises in Chongqing area show that, at present, EMM market demands all around the world do not very well, with few orders. While, now, the operation rate in Xiushan County is low, only 3 EMM plants can produce Mn products. So...

[Ferro-Alloys.com]Chinese FeV was offered at RMB61,000-62,000/mt by acceptance. Steel mill’s tenders ended, but the transactions got worse. The transaction price was confirmed to drop to RMB57,000/mt by acceptance.

[Ferro-Alloys.com]European silicon manganese prices were heard lower as oversupply saw aggressive offers into tenders, sources said.