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Ferronickel market weekly comment(Dec 30th- Jan 3rd) The price of high grade ferronickel price went down in this week

Friday, January 3, 2020
Source:ferro-alloys.com

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[Fellow]Ferronickel market weekly comment(Dec 30th- Jan 3rd) The price of high grade ferronickel price went down in this week

[ferro-alloys.com]The stainless steel was still in downturn. The demand for ferronickel decreased.So, the mainstream price of ferronickel went down in this week. The Ni 8%-10% ferronickel was quoted at 970-1000 RMB/Nickel.The Ni1.6-1.8% ferronickel mainstream price was 3300-3450 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	3375 RMB/tons	3300-3450 RMB/tons
Ni 8%-12%	Inner Mongolia	985 RMB/nickel point	970-1000 RMB/nickel point

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