Weekly Reports
Low FeNi Price Further Rose for tight Supply-China (Jan.19th-Jan.23th)
In recent week, the low FeNi price rose by RMB25-50/mt to RMB2650-2700/mt(ex-works price with tax). The operating rate was still in low level for the strict environmental laws and most of the factories showed that the spot supply was pretty tight. Meanwhile, t... |
Nickel Ores Stock of China Decreased Sharply (Jan.19th-Jan.23th)
In recent week, the nickel ores price remained steady. According to the statistics, on Jan.23th, nickel ores stock declined by 500thousand tons to 19.85million tons. It was acknowledged the stock had already declined for 11weeks with decreasing rate of 4.05mil... |
Steel Mill Started Inquiry amid Steady FeCr Market(Jan.19th-Jan.23rd)
[Ferro-Alloys.com]JISCO started its February inquiry for high-carbon ferrochrome this last with the same price and purchase amount as January, and it is expected that the rest of China’s major stainless steel makers would start their inquiries in the followin... |
Spot Prices Kept Steady while Futures Prices Weak(Jan.19th-Jan.23rd)
[Ferro-Alloys.com]Spot prices of chrome ores kept steady in China last week, while futures prices tended to be weak. As Chinese Spring Festival gets nearer, some chrome ore traders lowered their futures prices. |
Chinese FeV Price Maintained Steady, while Overseas FeV Weakened (Jan 12th -16th)
[Ferro-Alloys.com] Chinese FeV was quoted at RMB69,000-70,000/mt (USD11,311-11,475/mt, export duty excluded) by acceptance. In mid-month, major steel mills didn’t enter the market, and deals concentrating on scattered buying activities. Steel mills pressed th... |
Chinese FeMo Price Edged Down, While Overseas Moly Price Rebounded (Jan 12th -16th)
[Ferro-Alloys.com] Chinese FeMo price edged down to RMB82,000-83,000/mt (USD13,442-13,606/mt, export duty excluded) by acceptance. In mid-month, steel mills made scattered tenders, and pressed tender price as low as RMB81,000-82,000/mt (USD13,278-13,442/mt, ex... |
Unprecedented Pressure on Chinese Mn Alloy Enterprisers amid Bottom Sale ( Jan 12th –Jan 16th)
producers felt unprecedented pressure. As confidence of participants further waned, operation rates in southern area of China continue to shrink with less than 20%, while in north, the operation rates also face to drop on the ground of poor sale. |
Chinese Imported Mn Ore Continued to Maintain downturn Trend ( Jan 12th –Jan 16th)
[Ferro-Alloys.com]Flat market demand coupled with rising capital financial pressure further hit ore traders’confidence. In recent period, Australian Mn46 lumps were focused on RMB33-34/mtu at northern ports |
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