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

The FeNi price was expected to go weaker for the weak demand from steel mills, while the decreasing rate might not be large, because now many FeNi producers had already cut down the production

Multiple sources indicated July bidding prices of HC FeCr tended to remain flat with last month. Some steel mills might increase purchase price due to reduced volume, but the purchase prices were unlikely to rise with large ranges due to adequate supply in Chi...