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Ferronickel market weekly comment(July 29th- August 2nd) The high grade ferronickel price went up a little, the price of low grade ferronickel was stable

Friday, August 2, 2019
Source:ferro-alloys.com

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[Fellow]Ferronickel market weekly comment(July 29th- August 2nd) The high grade ferronickel price went up a little, the price of low grade ferronickel was stable

[ferro-alloys.com]In most of this week, the stainless steel market kept steady. The demand for stainless steel was insufficient. Due to rising of LME nickel price this week, the price of ferronickel went up a little.The Ni 8%-10% ferronickel was quoted at 1040-10750 RMB/Nickel. The Ni1.6-1.8% ferronickel mainstream price maintained at 3050-3250 RMB/T. 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	3150 RMB/tons	3050-3250 RMB/tons
Ni 8%-12%	Inner Mongolia	1045 RMB/nickel point	1040-1050 RMB/nickel point

[Editor:王可]

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