Ni Ore Held Steady Temperately with Weak Demand

LME Ni Decreased a Little And Domestic FeNi Held Steady

[Ferro-Alloys.com] According to the investigation of www.ferro-alloys.com, core wire market was peaceful last week in China. In Henan province, ex-work price of Ca98%min∮9㎜Ca wire stayed around RMB10,500-10,600/mt (USD1,721-1,737/mt). Ex-work price of Ca28S...

[Ferro-Alloys.com] Chinese FeMo was offered at RMB75,000-76,000/mt by acceptance. In mid-month, the entire market was depressed, as downstream steel mills purchased small volumes.

[Ferro-Alloys.com] Chinese FeV was offered at RMB66,000-67,000/mt by acceptance. In mid-month, the demand from steel mills eased, but FeV suppliers insisted on their high quotation, rejecting to selling at low level. FeV price growth rate was limited, and supp...

It is predicted price for cored wire would stay still for it depends largely on cost and profit remains slim. Downstream demand won’t get high much in the near future.

[Ferro-Alloys.com] Chinese FeV was offered at RMB66,000-67,000/mt by acceptance. Last late month, steel mills positively launched tenders, but sellers rejected to sell low-priced materials, so mills were forced to accept the tender price.

[Ferro-Alloys.com] Chinese FeMo was offered at RMB75,000-76,000/mt by acceptance. In mid-month, steel mills pressed the tender price of FeMo, reportedly, A steel mill in East China tendered 50mt FeMo at RMB73,000/mt by acceptance. Overseas moly oxide price dro...