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Ferronickel market weekly comment(Dec 24th- Dec 28th) The ferronickel price dropped down this week

  • Friday, December 28, 2018
  • Source:ferro-alloys.com

  • Keywords:price,dropped down
[Fellow]Ferronickel market weekly comment(Dec 24th- Dec 28th) The ferronickel price dropped down this week

[ferro-alloys.com]Near the end of the year, the stainless steel was in downturn. Some plants halted their production for overhaul. The demand for ferronickel was insufficient. It was not good for ferronickel market. Meanwhile, the purchase price of high grade ferronickel by Taiyuan Iron & Steel was 935-945 RMB/Nickel, it was 35-45 RMB/Nickel higher than the price in last period. After the price was announced, the high grade ferronickel price dropped down in general.The Ni 8%-10% ferronickel mainstream price was 925-940 RMB/Nickel. The Ni1.6-1.8% ferronickel mainstream price was between 3350RMB/T and 3500RMB/T.It was lower than the price last week.The following sheet reflect the current ferronickel price during the last few days.

Ferronickel

Region

Current Price

Scope of quoted Price

Ni 1.5%-1.7%

North Region

3425RMB/tons

3350-3500RMB/tons

Ni 8%-12%

Inner Mongolia

930RMB/nickel point

925-935RMB/nickel point

 

  • [Editor:王可]

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