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Ferronickel market weekly comment(Feb 11th- Feb 15th) The high grade ferronickel price went up , and low grade ferronickel price kept steady

  • Friday, February 15, 2019
  • Source:ferro-alloys.com

  • Keywords:went up, steady
[Fellow]Ferronickel market weekly comment(Feb 11th- Feb 15th) The high grade ferronickel price went up , and low grade ferronickel price kept steady

[ferro-alloys.com]The Spring Festival ended. The price of stainless steel rose up. Especially 304 series stainless steel, its price kept on rising in early period of this week. Meanwhile, the increasing rate of adding new ferronickel capacity did not reach people’s expection, so the supply of ferronickel was insufficient. In this week, two large steel plants, Qsingshan and ZPSS, rose its purchase price of high grade ferronickel this week. The purchase price reached 1020 RMB/Nickel. It was 30 RMB/Nickel higher than the price in last period. The Ni 8%-10% ferronickel was quoted at 980-1010 RMB/Nickel. The Ni1.6-1.8% ferronickel mainstream price was between 3250RMB/T and 3450RMB/T. It was the same as 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

3350RMB/tons

3250-3450RMB/tons

Ni 8%-12%

Inner Mongolia

980RMB/nickel point

980-1010RMB/nickel point

 

  • [Editor:王可]

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