Global Ferronickel starts to export nickel ore to China
2017-04-17 17:26:40 [Print]
According to news from foreign media, PGMC of the Philippines started to export nickel ores to China. Global Ferronickel Holdings Inc (Global Ferronickel), its parent company, noted that they started the first shipment of nickel ores on April 9th from Surigao del Norteprovince and 9 ships of the materials are expected to finish loading between April and May.
Dante Bravo, the chairman of Global Ferronickel, noted, “We hoped that we will continue to see good weather in the coming weeks or months in order to finish the delivery target of 6 million wet tons of 2017.”
Global Ferronickel has signed supply agreements with several regular customers at current market prices for 4 million wet tons of nickel ores and hopes to reach more supply contracts. Taking advantages in rebounded prices for nickel, the company exported nickel ores in April, including two thirds of middle grade material and one third of low grade material.
Dante Bravo, the chairman of Global Ferronickel, noted, “We hoped that we will continue to see good weather in the coming weeks or months in order to finish the delivery target of 6 million wet tons of 2017.”
Global Ferronickel has signed supply agreements with several regular customers at current market prices for 4 million wet tons of nickel ores and hopes to reach more supply contracts. Taking advantages in rebounded prices for nickel, the company exported nickel ores in April, including two thirds of middle grade material and one third of low grade material.
Ferro-nickel 1.5%min EXW China
Unit:RMB/mt
China ferronickel producers' sales to production ratio statistics by province by month
Unit: %
