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LME Nickel Price Appeared Optimistic Signal while FeNi Market unchanged-China (Apr.27th-Apr.30th)
]This week LME nickel price rebounded a little, which closed at USD13455/mt on Apr.29th, rising by USDE740/mt than last week while nickel stock |
Some FeNi Producers of Large Furnaces Planned to Recover Production-China (Apr.20th-Apr.24th)
In recent week, the low FeNi(Ni1.6-1.8%)maintained at RMB2350-2400/mt. However, the real trading was RMB20-50/mt lower than the offer due to the different payment method. According to the statistics, the discontinuous enterprises still had no certain time to... |
FeNi Market Conditions in Inner Mongolia of China in end-Apr..-China
In end of Apr., the high ferronickel price basically kept stable, which was quoted at RMB950-960/Ni (ex-works price with tax by cash). In Inner Mongolia, some enterprises with large furnaces like 33000kva and close to the port had already recovered |
FeNi Factories was at loss brink-China (Apr.13th-Apr.17th)
After 5 weeks’ decline, the LME Nickel price slightly recovered. On Mar.16th, LME Ni closed at USD12795/mt, which increased by USD260/mt than last week while the stock improved by 1974tons |
Jinchuan nickel price Recorded Five Years’Low-China (Apr.6th-Apr.10th)
Along with the recovering production, the low FeNi price declined to RMB2420-2450/mt, RMB60/mt lower than last week. if some enterprises in Linyi, Shandong would resume in May as expected, the supply would further increase. |
Low FeNi Price Approached the Lowest Level of 2014
In recent days, the low FeNi supply increased along with the production recover of some enterprises. However, as the demand from steel mills was weak, the low FeNi price declined by RMB50/mt to RMB2420-2450/mt. |
Nickel Metal Apparent Consumption of China Decreased in First Two Months
In quarter 1 of 2015, high ferronickel price continued to decline. At the end of Mar., the high FeNi was quoted at RMB980-990/Ni, with decreasing rate of RMB100/Ni. Under weak market condition, high fund pressure and strict environmental condition, the discont... |
FeNi Operating Rate was generally Low in China (Mar.23th-Mar.27th)
Under the poor market condition and the high fund pressure, most discontinued factories were reluctant to recover the production. in quarter 1 of 2015, the stainless steel coil price(304/2B) in Chinese market had already decreased by more than RMB1000/mt. the ... |
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