During the Spring Festival holidays, LME nickel closing price fell below USD14000/mt while the FeNi and nickel ores price stayed stable. Even though the statutory holiday was over, many factories, steel mills and traders was still on leave and the nickel marke...
[Ferro-Alloys.com]In December,2014, China exported 195mt APT, down 21% compared with last December(247mt), and an increase of 24.2% from November (157mt).
[Ferro-Alloys.com] With ample mineral resources,mining has been the pillar in South African economy. In recent year, South Africa’s miners apparently have reaped handsome profits in expanding production capacity of crude steel.
[Ferro-Alloys.com]As Spring Festival is around the corner, it seems that few transactions can be made on manganese alloys spot market. The quotation was basically in line with last week.
[Ferro-Alloys.com] In recent period, Chinese imported manganese ore spot market remained calm as more traders off-work for holiday, and faltering demand led to somewhat standstill for transaction.
In the six months as of early February 2015, the low grade nickel ores price in Chinese market continued to decline with drop rate of 43%. In mid-Feb., the Ni ore with Ni0.9-1.1%,Fe49% was quoted at RMB210-220/wet mt.
After more than half years’ decline, the low grade nickel ores future price dropped to low level in end-Jan. of 2015 and the price was quoted at USD13-15/wet mt(FOB, main ports of Philippines) with dorp rate of 68%