Time：
immria
The price of high grade ferronickel price dropped down largely in this week
Due to fall of global nickel market, the stainless steel was still in downturn. The demand for ferronickel was insufficient. Some large steel plant had decreased their bidding price. The price of high grade ferronickel went down largely.The Ni 8%-10% ferronickel was quoted at 960-970 RMB/Nickel. The Ni1.6-1.8% ferronickel mainstream price was 3300-3450 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 | 3375 RMB/tons | 3300-3450 RMB/tons |
Ni 8%-12% | Inner Mongolia | 965 RMB/nickel point | 960-970 RMB/nickel point |