[ferro-alloys.com]The governmental inspection group went on their work in ferronickle production areas this week. The output of ferronickle was still insufficient, so was the supply of ferronickle in the market. Due to the declining of ferronickle inventories in large steel plants, the demand for ferronickle was relatively increased. So, the price of the ferronickle rose up this week. Later, influenced by the declining of LME nickle, the traders were not positive in the stainless steel market. The main products prices fell down. The supply-demand relationship became more and more steady. The prices of ferronickle were kept in high level.The Ni1.6-1.8% ferronickle mainstream price was between 3400RMB/T and 3450RMB/T. The Ni 8%-10% ferronickle price was 1080-1100RMB/nickle point.

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

• [Editor:王可]