Lower Ferronickel Prices May Hurt Ore Market (Nov 9th-Nov 13th)

  • Monday, November 16, 2015
  • Source:ferro-alloys.com

  • Keywords:Nickel ore, the domestic market, the outer disc
[Fellow][Ferro-Alloys.com] In domestic market, low-grade nickel ore 0.9-1.1 traded at 150-170yuan/wt; mid-grade nickel ore 1.5 traded at 240-260yuan/wt; high-grade nickel ore 1.8 traded at 430-450yuan/wt.

[Ferro-Alloys.com] In domestic market, low-grade nickel ore 0.9-1.1 traded at 150-170yuan/wt; mid-grade nickel ore 1.5 traded at 240-260yuan/wt; high-grade nickel ore 1.8 traded at 430-450yuan/wt.

In outer disc, low-grade nickel ore 0.9-1.1 traded at 16-18 dollars/wt; mid-grade nickel ore 1.5 traded at 30-32 dollars/wt; high-grade nickel ore 1.8 traded at 50-51 dollars/wt.

As reported, some ferronickel maker in Hunan province had to sell its raw materials at a fraction of the normal cost to space for the cash flow. And a downturn in ferronickel prices would cause some problems for the ore market when makers try to bargaining with traders.

The Weekly Nickel Ore Prices in China’s Ports

Spot

0.9-1.1%

1.4%

1.5%

1.6%

1.7%

1.8%

1.9%

2.0%

11.9

150-170

200-220

240-260

290-310

350-370

430-450

500-520

560-580

11.10

150-170

200-220

240-260

290-310

350-370

430-450

500-520

560-580

11.11

150-170

200-220

240-260

290-310

350-370

430-450

500-520

560-580

11.12

150-170

200-220

240-260

290-310

350-370

430-450

500-520

560-580

11.13

150-170

200-220

240-260

290-310

350-370

430-450

500-520

560-580

Changes

-

-

-

-

-

-

-

-

The Weekly Nickel Ore Future Prices

Future

0.9-1.1%

1.4%

1.5%

1.6%

1.8%

11.9

16-18

22-24

30-32

35-37

50-51

11.10

16-18

22-24

30-32

35-37

50-51

11.11

16-18

22-24

30-32

35-37

50-51

11.12

16-18

22-24

30-32

35-37

50-51

11.13

16-18

22-24

30-32

35-37

50-51

Changes

-

-

-

-

-

 

  • [Editor:Juan]

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