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Ferronickel market weekly comment(Feb 18th- Feb 22nd) The high grade ferronickel price went up , and low grade ferronickel price went down a little

  • Friday, February 22, 2019
  • Source:ferro-alloys.com

  • Keywords:went up, dropped down
[Fellow]Ferronickel market weekly comment(Feb 18th- Feb 22nd) The high grade ferronickel price went up , and low grade ferronickel price went down a little

[ferro-alloys.com]As the price of nickel rose up, the stainless steel price was in higher level. Althouth the new furnaces of Xinhai Plant had started their productions, the increasing rate of adding new ferronickel capacity did not reach people’s expection, so the supply of ferronickel was insufficient.In this week, the bidding price by ZPSS reached 1030 RMB/Nickel. It was 10 RMB/Nickel higher than the price last week. None of trade deals had been made. The Ni 8%-10% ferronickel was quoted at 990-1020 RMB/Nickel. The Ni1.6-1.8% ferronickel mainstream price was between 3250RMB/T and 3400RMB/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

3325RMB/tons

3250-3400RMB/tons

Ni 8%-12%

Inner Mongolia

1005RMB/nickel point

990-1020RMB/nickel point

 

  • [Editor:王可]

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