LME nickel price trend on November 9th

In September 2020, Japan imported 27693.078 tons of ferrosilicon (>55%), an increase of 125.55% over the previous month and a decrease of 21.27% compared with the same period last year.

The 2101 ferrosilicon contract price on ZCE closed at 5982 yuan per ton on November 10.

The 2101 ferrosilicon contract price on ZCE closed at 5988 yuan per ton on November 9.

Nickel price trend on November 9th

LME nickel price trend on November 6th

This trend is expected to persist in the medium term, whereby domestic steel mills will directly benefit, VDSC said.

Data of the first week of November showed that the operating rate and output of ferrosilicon plants had a slight upward trend.