Ferronickel market weekly comment(July 1st- July 5th) The high grade ferronickel price went up a little, the price of low grade ferronickel went down

  • Friday, July 5, 2019
  • Source:ferro-alloys.com

  • Keywords:stable, went down
[Fellow]Ferronickel market weekly comment(July 1st- July 5th) The high grade ferronickel price went up a little, the price of low grade ferronickel went down

[ferro-alloys.com]In this week, the stainless steel was in downturn. The demand for ferronickel was insufficient.Meanwhile, the capacities of ferronickel has been put into production. The supply of ferronickel was sufficient. So, the price of ferronickel could not rise up. The traders kept their goods to maintain the price. So, the price of high grade ferronickel was stable in this week. The Ni 8%-10% ferronickel was quoted at 940-955 RMB/Nickel. The Ni1.6-1.8% ferronickel mainstream price maintained at 3100-3300 RMB/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

3200 RMB/tons

3100-3300 RMB/tons

Ni 8%-12%

Inner Mongolia

947.5 RMB/nickel point

940-955 RMB/nickel point

 

  • [Editor:王可]

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