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Supply-Side Reforms Expected to Shore up Ferronickel Price (Dec 14th-Dec 18th)

  • Monday, December 21, 2015
  • Source:ferro-alloys.com

  • Keywords:Ferronickel
[Fellow][Ferro-Alloys.com] Ferronickel factories pledged to cut production together which may shore up the nickel price. Low-grade ferronickel 1.6-1.8% quoted at 1580-1600yuan/t; mid-grade ferronickel 4-6% quoted at 710-720yuan/ni; mid-grade ferronickel 6-8% quoted at...

[Ferro-Alloys.com] Ferronickel factories pledged to cut production together which may shore up the nickel price. Low-grade ferronickel 1.6-1.8% quoted at 1580-1600yuan/t; mid-grade ferronickel 4-6% quoted at 710-720yuan/ni; mid-grade ferronickel 6-8% quoted at 710-720yuan/ni; high-grade ferronickel 10-12% quoted at 700-710yuan/ni.

In December 11, Zhangjiagang Pohang Stainless Steel quoted its second round bidding price at 710-720yuan/nickel. In December 18, the company quoted its third round bidding price at 720yuan/nickel. Recently, ferronickel factories in Inner Mongolia have conducted cut plans gradually, which would result in less production in January, the next year.

中國鎳鐵市場Chinese Ferro-Nickel Market (RMB)

日期Date

1.6-1.8%

4-6%

6-8%

10-12%

12.14

1580-1600

710-720

710-720

700-710

12.15

1580-1600

710-720

710-720

700-710

12.16

1580-1600

710-720

710-720

700-710

12.17

1580-1600

710-720

710-720

700-710

12.18

1580-1600

710-720

710-720

700-710

增減額Changes

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  • [Editor:Juan]

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