[Ferro-Alloys.com]The production rate of high-carbon ferrochrome in South China kept rising, which will increase the demand for chrome ores.

[Ferro-Alloys.com]As bidding price of steelmakers on manganese alloys come to surface, the performance of alloys would still hard to optimistic. Given continued falling sale, the confidence of alloy producers become to wane gradually.

Sharp downturn in the Price of Chinese Imported Mn Ore Failed to Stop (Apr06th –Apr10th )

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.

This week the medium and high grade nickel ores price further declined along with the weaker LME Ni price. On Apr.10th, the nickel ores stock slightly increased by 50thousand tons to 17.95million tons.

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.

[Ferro-Alloys.com]LME nickel price hit a six-year low on April 1, 2015, and then rebounded during the week. The price continued to fall in the following week.

[Ferro-Alloys.com]Chinese vanadium pent oxide was offered at RMB54,000-55,000/mt. V alloys had difficulty of buying low-priced raw materials, by contrast, vanadium pent oxide suppliers firmed quotation, first supplying old customers.