[Ferro-Alloys.com]LME nickel price dipped on Monday (Dec 15), with a intraday high at 16860 and low at 16405, closing at 16450, down 1.35%. The price began to rise after opening, but the price plunged sharply after it failed to break 16850. The decline offset ...

[Ferro-Alloys.com]As steel mills settled December purchase on manganese alloys, it seems that silicon manganese market showed a gradual calm after a slight downturn in the early month.

]In quarter 1 of 2014, the chromium metal price in Chinese market was weak, the mainstream price was RMB48000-52000/mt. since May, the price started to recover, mainly because of the rising exports and decreasing output of Chinese large manufactures.

In 2014, in addition to quarter 1, the chromium metal in European market presented an optimistic condition. From Q2, the chromium metal started to recover, which reached the highest point of USD9300-9625/mt during end of Aug.

In recent week both the domestic and import ferrochrome price kept stable. For the new round of purchasing price of high carbon ferrochrome, some FeCr producers preferred the price to be steady to reduce the cost rise of chrome ores. Now the

In recent week, the nickel ores purchase was still active in Chinese market. The medium and high grade nickel ores price further increased along with the decreasing stock.

This week the medium and high FeNi prices stayed firm, which had no changes compared with last week. Specifically, FeNi with (Ni 4-6%) was quoted at RMB1150-1160/Ni, ferronickel (Ni 6-8%) at RMB1140-1150/Ni and ferronickel (Ni 10-15%) at RMB1140-1150/Ni.

This week the chrome ores spot price remained stable while considering the tight fund at the end of the year, the FeCr producers preferred to buy the futures materials and tried to pressure on the spot price