Prediction
Indonesian policy pulled up the nickel market-China (Jan.13th—Jan. 17th)
This week the LME nickel price started to rebound encouraged by the Indonesian policy. On Jan. 16th, the LME Nickel close at USD$14695/mt, USD1345/mt higher than last week while the stock decreased |
Chrome ores price would be stable for lack of purchasing support (Jan.13th—Jan. 17th)
This week the chrome ores market kept stable while the trading volume was not much. The spot price was listed as below: 42% South African concentrates at Lianyun port was RMB26.5-27/mtu, 44% South African |
Ferrochrome market kept stable while the chrome metal tender weaker-China (Jan.13th—Jan. 17th)
This week the high carbon ferrochrome price had no changes and more enterprises in Hunan, Sichuan and Guizhou areas would stop production during the spring festival. In addition, most of the producers had no |
Chinese FeV Price Moved down While Overseas V Market Stabilized (Jan 13th -17th)
Chinese Moly Market Kept Flat While Overseas Moly Price Rose (Jan 13th -17th)
Weak Demand Still Drag down Chinese Mn Alloy Sales (Jan13th – Jan 17th)
[There is no big fluctuation for manganese alloy market in Middle January. Currently, gloomy demand and downtrend for ore |
Downtrend for Chinese Mn Ore Fails to Stop as Gloomy Demand (Jan13th – Jan 17th)
As slipping into mid-January, it seems that downtrend for manganese ore spot prices still fail to stop given gloomy market demand. |
Mg Market Ran Slowly (Jan13th-Jan17th)
Mg market ran slowly this week and some magnesium producers lowered quotations further. Mainstream Shaanxi Mg99.90% price was RMB14,950-15,050/mt(USD2,465-2,507/mt, export duty not included |
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