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Ferronickel market weekly comment (Sep 3rd- Sep 7th) The price of high grade ferronickel dropped down, and low grade ferronickel price rose up again

  • Friday, September 7, 2018
  • Source:ferro-alloys.com

  • Keywords:high grade, dropped down, low grade,rose up
[Fellow]Ferronickel market weekly comment (Sep 3rd- Sep 7th) The price of high grade ferronickel dropped down, and low grade ferronickel price rose up again

[ferro-alloys.com]The second round environmental protection inspection went on nationwide this week. The output of high grade ferronickel was restricted, and the supply of high grade ferronickel was not insufficient in the market. This week, the traders were not active in the market. The nickel market was not well in general. A large amount of Russian nickel flew into the domestic market. These influenced high grade ferronickel market.  The bidding price of high grade ferronickel purchase by ZPSS was 1090 RMB/Nickel this week. It was 30 RMB/Nickel lower than the price last week.Due to the environmental protection, the coke price rose up. It was used as ingredients for low grade ferronickel. So, the price of low grade ferronickel went up. Today, The Ni1.6-1.8% ferronickel mainstream price was between 3650RMB/T and 3750RMB/T. The Ni 8%-10% ferronickel price was 1070-1090RMB/nickel point.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%

Shandong

3700RMB/tons

3650-3750RMB/tons

Ni 8%-12%

Inner Mongolia

1080RMB/nickel point

1070-1090RMB/nickel point

 

  • [Editor:王可]

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