Chrome producer Merafe has reported that its attributable ferrochrome production from the Glencore Merafe Chrome Venture in the fourth quarter ended December 31 was 75 000 t, compared with the 97 000 t produced in the fourth quarter of 2022.

During the traditional off-season, the demand has further weakened.

Research firm BMI has revised downward its nickel price forecast for this year to $20 000/t from $20 600/t as the market remains in a supply glut.

The total trading volume of 2403 contract on the exchange was 116477 lots, with a turnover of about 39.5.7845 million yuan.

The total trading volume of 2403 contract on the exchange was 109491 lots, with a turnover of about 3653.5696 million yuan.

The number of warehouse receipts was 14328 (71640 tons), and 294 (1470 tons) were valid for the number of warehouse orders.

The total trading volume of 2403 contract on the exchange was 120759 lots, with a turnover of about 4078.4104 million yuan.

Under the influence of bearish factors, the sentiment of the ferrosilicon spot market was relatively cautious.