[Ferro-Alloys.com]In middle of Sept., the high ferronickel price in Chinese market declined by RMB5-10/Ni once again. In Inner Mongolia, the price was mainly quoted at RMB1250-1260/Ni and in Shandong and Jiangsu provinces, it was RMB1260-10270/Ni (ex-works price with tax). One producer said his company had just sold some FeNi to Tianjin port with delivered price at RMB1260/Ni.

Entering Sept., the High FeNi operating rate stayed stable and most of the suppliers said the sales were smoothly despite of the downturn price. According to the market, recently one major stainless steel mill in South of China cut down the inquiry price by 40-50/Ni, which further hurt the suppliers. Even though the final price was not settled, the FeNi market trend might not be optimistic.

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• [Editor:Juan]