Ferronickel market weekly comment(July 29th- August 2nd) The high grade ferronickel price went up a little, the price of low grade ferronickel was stable

  • Friday, August 2, 2019
  • Source:ferro-alloys.com

  • Keywords:went up, price
[Fellow]Ferronickel market weekly comment(July 29th- August 2nd) The high grade ferronickel price went up a little, the price of low grade ferronickel was stable

[ferro-alloys.com]In most of this week, the stainless steel market kept steady. The demand for stainless steel was insufficient. Due to rising of LME nickel price this week, the price of ferronickel went up a little.The Ni 8%-10% ferronickel was quoted at 1040-10750 RMB/Nickel. The Ni1.6-1.8% ferronickel mainstream price maintained at 3050-3250 RMB/T. The following sheet reflect the current ferronickel price during the last few days.

Ferronickel

Region

Current Price

Scope of quoted Price

Ni 1.5%-1.7%

North Region

3150 RMB/tons

3050-3250 RMB/tons

Ni 8%-12%

Inner Mongolia

1045 RMB/nickel point

1040-1050 RMB/nickel point

 

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