Reduced Operation Rate Continued in China (March16th-March20th)

The expansion of FeSi capability in recent years was mainly driven up by the blooming demand from steel industry. Besides, under the Chinese policy of energy-saving and emission-reduction, the furnaces of small scale were eliminated, and those of over 30,000K...

Due to the gloomy market, the average operating rate in China kept as low as 50~60%. Some of the plants have stopped production for a long time. However, quite few plants are at full capability. Seen from the districts, Qinghai has a higher operation rate of ...

In recent week the LME nickel price continued to decline.on Mar.19th,LME Ni closed at USD13715/mt, down by USD300/mt than last week while the nickel stock increased by 966tons to 431,820tons. On Mar.20th, Jinchuan 1# nickel was quoted at RMB103300-103700/mt, d...

It was expected that the nickel ores price might further decrease. One reason was the purchase of FeNi from steel mills was weak; the FeNi price might further go down. Another reason was the total FeNi operating rate in China was low as in Jiangsu and Liaoning...

It is reported that international biggest giant, BHP already released March manganes ore shipment to China. Mn45.5% Fe<5% lump ore was cut to USD3.30/mtu from USD3.70/mtu, Mn49% Fe<5% sand ore was dropped to USD3.20/mtu from USD3.40/mtu. (CIF, China)

[Ferro-Alloys.com]Hebi Haideli Metal Co.ltd established in January,2008, was a new-typed integration company of science and research, development, production and sales, mainly producing metal Ca and cored wire.

[Ferro-Alloys.com]Chinese vanadium pent oxide was offered at RMB55,000-56,000/mt (USD9,016-9,180/mt, export duty excluded).