Market of FeSi ran Weakly on low Prices in China (March9th-March13th)

Even though the low FeNi operating rate in China decreased, the supply was not tight. Adding to the falling price of low grade nickel ores, the low FeNi Price declined to RMB2550-2600/mt, RMB50/mt lower compared with last week.

This week the nickel ores price was still not well. On Mar.13th, nickel ores stock was 18.7million tons, rising by 100thousand tons than last week.

[Ferro-Alloys.com]The figure is a far cry from alloys participants felt, albeit crude and silicon manganese output maintains growth according to Chinese official dada. There is no doubt that growth for Chinese crude steel output already put into standstill; th...

[Ferro-Alloys.com]Rizhao Sanmu Metallurgical & Mining Limited is one of China’s largest high-carbon ferrochrome producers and chrome ore traders whose high-carbon ferrochrome capacity totals more than 100,000 tonnes a year.

[Ferro-Alloys.com]Shanxi Tiangong Electricity Limited is one of China’s large high-carbon ferrochrome producer whose ferrochrome furnaces are located in Inner Mongolia where there is advantageous by its lower power costs.

[Ferro-Alloys.com]Overseas APT stabilized at USD290/mtu. After the Spring Festival holidays, overseas customers sent limited inquiries, as they owned several inventory.

[Ferro-Alloys.com]Chinese APT was offered at RMB135,000/mt(USD22,131/mt, export duty excluded). After the Spring Festival holidays, consumers implemented materials, as well as increased W concentrates cost supported the market.