At the end of July, the nickel ores trading was still not optimistic as the buyers in Chinese market tried to pressure the price while the sellers held the price for rise.

In recent two months, the high FeNi operating rates was low and meanwhile many producers held the stock. However, the total supply in Chinese market was still high, and the main reason was that many steel mills cut down the purchasing volume.

In Aug., the FeCr benchmark price was further cut down by RMB50/mt for large supply. And the suppliers had already reduced their ex-works price.

This week both the spot and futures of Cr ores kept stable and the stock at Chinese main ports maintained low level. Affected by the high FeCr operating rate in North areas,

[Ferro-Alloys.com] Chinese FeV Price kept steady. In late month, the new round of tenders of mills started.

The last week of July saw continued decline of low-grade Si metal and steady prices of chemical-grade Si metals. The export market of Chinese Si metal became slow with difficult deals. Most Si metal producers had normal production and they were producing Si me...

Mg Ingot Prices Fell Slightly on Increasing Supply in China

This week some mainstream steel mills set August purchase prices of ferrosilicon and most steel mills including HBIS and Shagang Group slightly raised RMB50/mt from last month. HBIS set August FeSi72# at RMB5,990/mt(USD970/mt) and Shagang Group set August FeS...