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In 2014, in addition to quarter 1, the chromium metal in European market presented an optimistic condition. From Q2, the chromium metal started to recover, which reached the highest point of USD9300-9625/mt during end of Aug.

]In quarter 1 of 2014, the chromium metal price in Chinese market was weak, the mainstream price was RMB48000-52000/mt. since May, the price started to recover, mainly because of the rising exports and decreasing output of Chinese large manufactures.

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.

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 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.

Ferro-Alloys.com] Silicon manganese 6517 is currently pricing at RMB5,900-6,100/mt and RMB5,300-5,400/mt for 6014. High carbon ferromanganese 65 is now concentrating on 5,300-5,400/mt.