Ferronickel market weekly comment(Jan 21st- Jan 25th) The high grade ferronickel price went up , and low grade ferronickel price dropped down

  • Friday, January 25, 2019
  • Source:ferro-alloys.com

  • Keywords:went up, dropped down
[Fellow]Ferronickel market weekly comment(Jan 21st- Jan 25th) The high grade ferronickel price went up , and low grade ferronickel price dropped down

[ferro-alloys.com]The Spring Festival was coming soon, the trading volume of stainless steel was less than ever. In general, the stainless steel market kept steady. The nickel market was in higher level in this week, and progress of newly increased capacities were not as fast as people’s expections. So,the Ni 8%-10% ferronickel was quoted at 950-965 RMB/Nickel, it increased a little compared to the price last week. Due to decreaed demand for 201 series stainless steel, the Ni1.6-1.8% ferronickel mainstream price was between 3250RMB/T and 3450RMB/T. It was lower than the price last week.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%

North Region

3350RMB/tons

3250-3450RMB/tons

Ni 8%-12%

Inner Mongolia

955RMB/nickel point

950-960RMB/nickel point

 

  • [Editor:王可]

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