Electrolytic nickel market weekly comment(October 26th-October 30th) LME nickel price went down in general, the electrolytic nickel price was not steady

LME nickel price trend on October 29th

India’s top steelmakers complained their production for the quarter ended September was affected due to a shortage in availability of iron ore and several steel industry bodies have petitioned the commerce ministry to address the issue.

U.S. imported a total of 1,255,000 net tons (NT) of steel in September 2020.

Ferrosilicon tender notice of November, 2020 (10/29/2020).

The first phase of production at Adhunik Metaliks Ltd and Zion Steel will begin on Thursday after almost three years of its shutdown and the subsequent acquisition by Sanjeev Gupta's Liberty Steel through the insolvency process in February of this year.

The 2101 ferrosilicon contract price on ZCE closed at 5782 yuan per ton on October 29.

China Moly boosts Q3 cobalt output by 21%