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Further Ferronickel Supply Cut Underpinned its Price (Oct 12nd-Oct 16th)

  • Saturday, October 17, 2015
  • Source:ferro-alloys.com

  • Keywords:Ferronickel, Rebound, supply cuts
[Fellow][Ferro-Alloys.com]Weekly, encouraged by domestic supply cuts, ferronickel market presented a wave of rebound, low-grade 1.6-1.8 mainly quoted at 1770-1820yuan a tone, mid-grade 4-6 mainly traded at 780-790yuan/ni when 6-8 less traded at 770-790yuan/ni, high-gr...

[Ferro-Alloys.com]Weekly, encouraged by domestic supply cuts, ferronickel market presented a wave of rebound, low-grade 1.6-1.8 mainly quoted at 1770-1820yuan a tone, mid-grade 4-6 mainly traded at 780-790yuan/ni when 6-8 less traded at 770-790yuan/ni, high-grade 10-15 mainly transacted at 770-790yuan/ni.

The Weekly Ferronickel Prices in China

Ferronickel

1.6-1.8%

4-6%

6-8%

10-15%

10.12

1820-1870

760-780

760-780

740-760

10.13

1820-1870

760-780

760-780

740-760

10.14

1800-1850

780-790

770-790

750-770

10.15

1800-1850

780-790

770-790

750-770

10.16

1770-1820

780-790

770-790

770-790

Up/Down

-50

+10~20

+10

+30

According to Jakarta news, before May 2016, the Indonesian nickel pig iron capacity would double the current level, equals to 900 000 tones, a official from Tsingshan Holding Group’s subsidiaries in Indonesia.

However, domestic ferronickel prices rebounded slightly, although in this year’s so-called “Golden September” and “Silver October” period, the whole market turnover obvious atrophy. Higher requirements for products quality and specification made the producers further seek after high-tech metallurgical processes and drive the stainless steel industry go ahead.

  • [Editor:Juan]

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