Fund Difficulties Make Traders more Cautious to Sell Nickel Ores (Sep 21st-Sep 25th)

  • Monday, September 28, 2015
  • Source:ferro-alloys.com

  • Keywords:Nickel Ore, Demande weakness
[Fellow][Ferro-Alloys.com]This week, affected by stock market, domestic nickel ore prices held at low stable level. In Sep 25, low-grade nickel ore 0.9-1.1 was mainly traded at 150-170yuan/wt; mid-grade 1.5 was mainly quoted at 240-260yuan/wt; high-grade 1.8 was mainl...

[Ferro-Alloys.com]This week, affected by stock market, domestic nickel ore prices held at low stable level. In Sep 25, low-grade nickel ore 0.9-1.1 was mainly traded at 150-170yuan/wt; mid-grade 1.5 was mainly quoted at 240-260yuan/wt; high-grade 1.8 was mainly priced at 430-450yuan/wt.

Nickel Ore

0.9-1.1%

1.4%

1.5%

1.6%

1.7%

1.8%

1.9%

2.0%

9．21

150-170

200-220

240-260

290-310

350-370

430-450

500-520

560-580

9．22

150-170

200-220

240-260

290-310

350-370

430-450

500-520

560-580

9．23

150-170

200-220

240-260

290-310

350-370

430-450

500-520

560-580

9．24

150-170

200-220

240-260

290-310

350-370

430-450

500-520

560-580

9．25

150-170

200-220

240-260

290-310

350-370

430-450

500-520

560-580

Up/Down

—

—

—

—

—

—

—

—

About broad market, nickel ore prices held steady as a whole. In Sep 25, low-grade ore 0.9-1.1 was mainly around US$16-17/wt; mid-grade nickel ore 1.5 price was mainly traded at US$26-28/wt; high-grade nickel ore futures was mainly US$49-51/wt.

Nickel Ore

0.9-1.1%

1.4%

1.5%

1.6%

1.8%

9．21

16-17

22-24

26-28

35-37

49-51

9．22

16-17

22-24

26-28

35-37

49-51

9．23

16-17

22-24

26-28

35-37

49-51

9．24

16-17

22-24

26-28

35-37

49-51

9．25

16-17

22-24

26-28

35-37

49-51

Up/Down

—

—

—

—

—

Along with the ferronickel price drop to the bottom, most factories either halted production or cut outputs, only large-scale companies can survive by sell new shares or cut dividend.

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  • [Editor:Juan]

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