[Ferro-Alloys.com]Weekly, encouraged by domestic supply cuts, ferronickel market presented a wave of rebound, low-grade 1.6-1.8 mainly quoted at 1770-1820yuan a tone, mid-grade 4-6 mainly traded at 780-790yuan/ni when 6-8 less traded at 770-790yuan/ni, high-grade 10-15 mainly transacted at 770-790yuan/ni.

According to Jakarta news, before May 2016, the Indonesian nickel pig iron capacity would double the current level, equals to 900 000 tones, a official from Tsingshan Holding Group’s subsidiaries in Indonesia.

However, domestic ferronickel prices rebounded slightly, although in this year’s so-called “Golden September” and “Silver October” period, the whole market turnover obvious atrophy. Higher requirements for products quality and specification made the producers further seek after high-tech metallurgical processes and drive the stainless steel industry go ahead.

• [Editor:Juan]