“I’m not too worried, but you also can’t kid yourself for too long. The supply story is still there, but there are more and more demand questions emerging,” one trader in the region said.

Bofa cuts nickel price forecast to $22,063/t in 2023 ($23,222/t preciously); 2024 forecast unchanged at $21,250/t.

The 2306 ferrosilicon contract price on ZCE closed at 7028 yuan per ton on July 11.

The 2306 ferrosilicon contract price on ZCE closed at 6960 yuan per ton on July 10.

After all, the traditional off-season was coming, and the operation was cautious.

A Weekly Review of Manganese Alloy Market （7.3-7.7）

Noble Alloys Market Weekly（07 July-07 July）Vanadium Market Price Kept Stability, Moly Mine Offer Adjusted Price and Ferromoly Price Up again, Tungsten Market Price Kept Decreasing

Noble Alloys Market Weekly（07 July-07 July）Vanadium Market Price Kept Stability, Moly Mine Offer Adjusted Price and Ferromoly Price Up again, Tungsten Market Price Kept Decreasing