ASIAN FERRO-ALLOYS CONF: Ferro-nickel offered at a premium amid limited scrap, NPI availability

Tightness in nickel scrap availability amid weak London Metal Exchange prices and falling nickel pig iron (NPI) production in China has caused a surge in ferro-nickel demand, according to delegates at the Asian Ferro-alloys conference in Singapore.

Producers and traders cited increased demand in China, India and the European market for ferro-nickel amid withdrawal of offers from scrap sellers. Nickel scrap is typically preferred for stainless production because of the free iron and chromium units within the scrap. But with nickel prices down to just over $8,500 per tonne from around $14,000 per tonne a year ago, sellers are withholding material, delegates at the Singapore conference said. The interest for ferro-nickel is apparent with the market shifting from...

Published

Deepali Sharma

March 24, 2016

10:06 GMT

Singapore