[Ferro-Alloys.com] Chinese FeMo price kept steady, but the tender price of steel mills maintained low level. In early month, FeMo deals resumed to quietness, transacting at RMB88,000/mt (USD14,426/mt, export duty excluded) by acceptance.
In recent week both the domestic and import ferrochrome price kept stable. For the new round of purchasing price of high carbon ferrochrome, some FeCr producers preferred the price to be steady to reduce the cost rise of chrome ores. Now the
This week the medium and high FeNi prices stayed firm, which had no changes compared with last week. Specifically, FeNi with (Ni 4-6%) was quoted at RMB1150-1160/Ni, ferronickel (Ni 6-8%) at RMB1140-1150/Ni and ferronickel (Ni 10-15%) at RMB1140-1150/Ni.
In recent week, the nickel ores purchase was still active in Chinese market. The medium and high grade nickel ores price further increased along with the decreasing stock.
This week the chrome ores spot price remained stable while considering the tight fund at the end of the year, the FeCr producers preferred to buy the futures materials and tried to pressure on the spot price
[Ferro-Alloys.com]The LME nickel price rose last Friday, Dec 12, creating an intraday high at 16725 with a low at 16228, closing at 16675, up 2.76% all day.