The assessment for ferro-nickel with 26-32% nickel content in China fell to a discount of $1,100-1,300 per tonne on Monday December 30, its lowest level on Fastmarkets records and down 71.4% from last month.
Fastmarkets' ferro-nickel premium/discount, 26-32% Ni contained, cif China is now at its biggest discount since the launch of the assessment on January 25, 2016.Market participants attributed the deepening of the discount to fierce competition from Indonesian nickel pig iron (NPI) supply which has been on the rise over recent years. Sources said...