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Ferronickle market weekly comment(April 16th to April 20th): the price of high grade ferronickle decreased, the low grade ferronickle price went down

  • Friday, April 20, 2018
  • Source:ferro-alloys.com

  • Keywords:ferronickle
[Fellow]Ferronickle market weekly comment(April 16th to April 20th): the price of high grade ferronickle decreased, the low grade ferronickle price went down

[ferro-alloys.com]The ZPSS bidding price of high grade ferronickle was announced. Most firms quoted goods at the same level. Encouraged by the rising of LME nickle, the price of stainless steel went up. Some traders purchased goods.However, the stainless steel products were over-supplied. It was hard for high grade ferronickle price to go up. Although the price of 201 series stainless steel had risen this week, the low grade ferronickle price was still at low level due to the lack of demands.The Ni1.6-1.8% ferronickle mainstream price is between 3000RMB/T and 3100RMB/T. The Ni 8%-10% ferronickle price is 970-985RMB/nickle point.

The following sheet reflect the current ferronickle price during the last few days

Ferronickle

Region

Current Price

Scope of quoted Price

Ni 1.5%-1.7%

Shandong

2950 RMB/Nickle point

2900-3000RMB/Nickle point

Ni 8%-12%

Inner Mongolia

967.5 RMB/Nickle point

960-975RMB/Nickle point

 

 

  • [Editor:王可]

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