It was expected that the spot nickel ores price might go down then

Stocks of Cr ores were about 2.4-2.6millon mt in May and it fell by 10,000mt compared with previous month,

Expect for the weak demand from steel mills, the upcoming cancellation export tariff of the nickel products might also pressured on the FeNi price.

This week steel mills gradually released their June purchase prices of FeCr in China and the basic situation was that the steel mills had kept normal volume with generally cutting RMB50/mt over last month

As downstream demand was weak, operation was bad. Many medium and small sized factories stopped production. Overall operation rate was about 25% at present. Meanwhile, foundry cored wire manufacturers were running better than steel cored wire manufacturers.

Silicon metal prices still maintained at high levels in early June......

Calcium silicon price was in chaos and slipped in China. different plants gave distinctive quotations and there were big gaps between prices......

EMM price in China continued to rise last week as operation was bad and spot supply was in shortage. In the manganese triangle area, mainstream ex-work price of manganese flake had climbed to RMB 12200-12400/mt (USD1968-2000/mt). In Huangpu Port, mainstream ex...