Nickel price trend on November 2nd

LME nickel price trend on December 1st

China's price of Q235 4.75mm HRC rose further by Yuan 33/tonne ($5/t) on week to Yuan 4,138/t including the 13% VAT as of November 27, or a new high since November 6 2018, data showed.

The inventories at 37 sampled mills also decreased by 15,200 tonnes on week to around 1 million tonnes as of November 25, according to the survey.

The 2101 ferrosilicon contract price on ZCE closed at 6196 yuan per ton on December 1.

Nickel price trend on December 1st

LME nickel price trend on November 30th

Iin October, 2020, there were 1732.14 tons of ferrosilicon (≤55%) exported from China.