In July, most of the Chinese stainless steel mills cut the bidding price for ferrochrome and also altered the payment items about the payment cycle, which impelled ferrochrome producers to hesitate for chrome ore purchase. However, the stockpiles on the Chines...

In the beginning of July, the spot prices of nickel ores in China dropped by RMB30/wet mt with prices as follows, Nickel ore with Ni 1.6% at RMB630-650/wet mt, Ni1.7% at RMB690-720/wet mt, Ni1.8% at RMB790-810/wet mt, Ni1.9% at RMB840-860/wet mt, Ni2.0% at RMB...

At the beginning of July, ex-work price including tax of ferronickel (Ni 1.6-1.8%) dropped RMB150/mt to RMB3200-3250/mt due to oversupply and softened demand.

Supply of Silicon Metal Remained Quite Tight with Rising Price in China

This week magnesium ingot producers had low level of spot materials and the general supply and demand relationship remained steady. Mainstream Shaanxi Mg99.90% price remaining

This week many steel mills began to release bids for July ferrosilicon in China, with mainstream steel mills as HBIS and Shagang Group included. HBIS and Shagang Group both increased purchase volume by around 400 mt for July delivery.

This week the South African chrome ores concentrates future price rose slightly while other mines stayed stable. As the downstream demand was not well, the traders were cautious for the imports. In the first 5 months, the total chrome ores imports were 4.23mil...

At the end of this month, the new round of purchasing for ferronickel was coming. Some steels had already said the purchasing volume would be reduced because of the weak demand and the poor market condition. I