Major steelmaker in the east lowers weekly purchasing prices of ferronickel-Shanghai Metals Market

Hot Keywords

  • Zinc
  • MMi Iron Ore Port Index
  • Copper scrap
  • Aluminium
  • Rare earth
  • Copper
  • Morning comments
  • Aluminum
  • Futures movement
  • Inventory data
  • Evening comments
  • aluminum
  • Nickel
  • price forecast
  • VAT

Major steelmaker in the east lowers weekly purchasing prices of ferronickel

Price Review & Forecast 03:57:38PM Apr 24, 2019 Source:SMM

SHANGHAI, Apr 24 (SMM) – A major steel mill in the east lowered its purchasing prices of high-grade ferronickel by 40 yuan/mt on the week, to 980 yuan/mtu with taxes and transportation fees included, on Wednesday April 24.

SMM learned that a stainless steel producer in the south continued to suspend its procurement of high-grade ferronickel this week. 

As of Wednesday April 24, domestic prices of spot high-grade ferronickel with 8-12% Ni stood at 970-985 yuan/mtu, down an average 32.5 yuan/mtu from a week earlier, SMM assessed. 

Key Words:  Market commentary  Ferronickel 

Major steelmaker in the east lowers weekly purchasing prices of ferronickel

Price Review & Forecast 03:57:38PM Apr 24, 2019 Source:SMM

SHANGHAI, Apr 24 (SMM) – A major steel mill in the east lowered its purchasing prices of high-grade ferronickel by 40 yuan/mt on the week, to 980 yuan/mtu with taxes and transportation fees included, on Wednesday April 24.

SMM learned that a stainless steel producer in the south continued to suspend its procurement of high-grade ferronickel this week. 

As of Wednesday April 24, domestic prices of spot high-grade ferronickel with 8-12% Ni stood at 970-985 yuan/mtu, down an average 32.5 yuan/mtu from a week earlier, SMM assessed. 

Key Words:  Market commentary  Ferronickel