According to SMM research, affected by the stainless steel industry off-season, China's ferronickel stocks in mid-February increased by 1.45% from the previous year.
Demand side, the impact of the Spring Festival superimposed on the stainless steel into the traditional industry off-season in January and February production are expected to show a decline.
In summary, the current supply and demand for ferronickel is still weak, but the current access to RKAB mining enterprises less than 40, lower than the market is expected, the market worries about raw material supply intensified, the market began to bullish ferronickel prices.
