Nickel Ore Prices Stabilized When Ports Stock Decrease (Oct 26th-Oct 30th)

  • Monday, November 2, 2015
  • Source:ferro-alloys.com

  • Keywords:Nickel, ore, futures, high-grade,
[Fellow][Ferro-Alloys.com] This week, domestic nickel ore price held steady, low-grade nickel ore 0.9-1.1 was mainly quoted at 150-170yuan/t per wet tone; mid-grade nickel ore 1.5 was mainly quoted at 240-260yuan per wet tone; high-grade nickel ore 1.8 was mainly quot...

[Ferro-Alloys.com] This week, domestic nickel ore price held steady, low-grade nickel ore 0.9-1.1 was mainly quoted at 150-170yuan/t per wet tone; mid-grade nickel ore 1.5 was mainly quoted at 240-260yuan per wet tone; high-grade nickel ore 1.8 was mainly quoted at 430-450yuan per wet tone.

The Weekly Nickel Ore Prices in Chinese Main Ports

Nickel Ore

0.9-1.1%

1.4%

1.5%

1.6%

1.7%

1.8%

1.9%

2.0%

10.26

150-170

200-220

240-260

290-310

350-370

430-450

500-520

560-580

10.27

150-170

200-220

240-260

290-310

350-370

430-450

500-520

560-580

10.28

150-170

200-220

240-260

290-310

350-370

430-450

500-520

560-580

10.29

150-170

200-220

240-260

290-310

350-370

430-450

500-520

560-580

10.30

150-170

200-220

240-260

290-310

350-370

430-450

500-520

560-580

Changes

-

-

-

-

-

-

-

-

The Weekly Nickel Ore Futures Prices

Nickel Ore

0.9-1.1%

1.4%

1.5%

1.6%

1.8%

10.26

16-18

22-24

30-32

35-37

50-51

10.27

16-18

22-24

30-32

35-37

50-51

10.28

16-18

22-24

30-32

35-37

50-51

10.29

16-18

22-24

30-32

35-37

50-51

10.30

16-18

22-24

30-32

35-37

50-51

Changes

-

-

-

-

-

So far, domestic ferrous nickel factories preferred 1.5 nickel ore, coupled with 1.8 nickel ore, in order to cut costs in the short term. As a result of it, the raw materials to produce high-grade ferrous nickel consist of 50% of mid-grade nickel ore and 50% of high-grade nickel ore.

In the outer disc market, nickel ore futures 0.9-1.1% was mainly quoted at $16-18 per wet tone; mid-grade nickel ore futures 1.5% was mainly quoted at $30-32 per wet tone; high-grade nickel ore futures 1.8% was mainly quoted at $50-51 per wet tone. Supported by the coming rainy season in Philippine, the nickel ore futures was obviously prompted and rebounded, coupled with ferrous nickel factories to reserve for the mid- and long-term period, a trader said.

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  • [Editor:Juan]

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