According to the investigation of www.ferro-alloys.com, core wire market was peaceful after New Year’s Day in China. In Henan province,

[Ferro-Alloys.com] Chinese FeV price edged down to RMB69,000-70,000/mt (USD11,311-11,475/mt, export duty excluded) by acceptance.

[Ferro-Alloys.com] After the New Year’s Day, Chinese FeMo stabilized at RMB85,000-86,000/mt (USD13,934-14,098/mt, export duty excluded) by acceptance.

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