Chinese Mg Consumers Kept Normal Operation in China (January4th–January9th)

FeSi Producers Kept Flat Their Offers Amid Continuous Declines of Steel Mills’ Bidding Prices in China(January4th-January9th)

considering the factors of the overhaul of some steel mills and the cancellation of 1% import FeNi tax, medium and high FeNi price suffer resistance to go up in Jan.. Meanwhile, the high FeNi price also hard to go down in short term.

According to the statistics, On Jan. 9th, total nickel ores stock was 20.65million tons, decreasing by 200thousand tons compared with last week, which had already declined for 9weeks, with falling rate of 13.6%.

LME Nickel Price Ended the Uptrend on Thursday

[Ferro-Alloys.com]Prices of SS Coil 304/2B 2mm of TISCO were in a downtrend in 2011-2013, and the prices remained at a low level in recent four years in Q1 2014.

[Ferro-Alloys.com]Chinese FeW was offered at RMB155,000/mt (USD25,409/mt, export duty excluded) by acceptance. A Hunan FeW supplier sold 400mt materials last December, as steel mill’s demand was fixed.

[Ferro-Alloys.com]Ganzhou Tungsten Association issued that the indication floor price of W concentrates for January was RMB82,000/mt (USD13,442/mt, export duty excluded), down RMB6,000/mt (USD983/mt, export duty excluded) compared with last December. Minmetals...