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LME nickel price trend on September 15th

This was a turnaround from four months of strong export sales to China from March to June.

The 2010 ferrosilicon contract price on ZCE closed at 5612 yuan per ton on September 16.

The settlements for BF-grade pellet premiums are nearly flat with the previous quarter and lower by around $3/dmt for DR-grade pellets.

Japanese ferrous scrap exports rose by 28pc in June from May to 883,157t, boosted by increased price competitiveness against US exports in Asia.