In the first half of 2019, high-carbon ferrochrome imports hit a high point. The production pressure of domestic ferrochrome plants doubled in the absence of significant increase in demand. Stainless steel prices fell back in the second quarter, forcing iron prices to bottom out. The supply of ferrochrome is excessive, while the pace of expansion of ferrochrome capacity has not stopped. And the growth rate of the supply side is significantly larger than that of the demand side. Steel mills have high stocks of raw materials, and the process of destocking is slow. The iron price has been low for some time. Can the price increase in the third quarter? How can the chrome market restore confidence?
At the beginning of 2019, the chrome ore procurement in China increased dramatically, and the futures price pulled up the spot price rapidly. However, in the second quarter, ferrochrome and stainless steel were facing a bearish situation, which made domestic and international prices continue to fall, and the deals kept calm. So the future market of chrome ore is not optimistic. In the third quarter, whether chrome ore market can turn the situation? When can chrome ore price rebound? How much can ore prices pull up the market? These problems will become the focus of upstream and downstream chrome players in the industry.
Nickel ore import in China has risen for four consecutive years. In the case of a significant increase in demand for ferronickel, the simultaneous increase in the supply of nickel ore has led to a consensus in the market that the supply of nickel ore is sufficient. As a result, nickel price isn't dominated by miners, and the domestic market has an effect on the price of nickel ore. Traders are struggling to survive.
Domestic supply of high grade ferronickel was tight in the first four months of 2019. The production growth rates of high grade ferronickel home and abroad were less than expected. From June to August, the traditional stainless steel off-season has a strong bearish atmosphere. On the one hand, production of high grade ferronickel will continue to increase. On the other hand, some steel mills may decrease the production in the off-season. The price of high grade ferronickel is barely maintained. The domestic spot market fundamentals is struggling to maintain because of many aspects such as the Sino-US trade war escalation, the stainless project from Xinhai and the PT Virtue Dragon, the Inner Mongolia Naiman Banner Jing'an ferronickel project and many other uncertain market factors.
It is of vital importance and urgent necessity to carry on the reform and innovation to improve the chrome and nickel market. This time we will continue the glory of previous 16 summits. FerroAlloyNet 17th International Chrome & Nickel Products Summit will be held in Sanya, Hainan, China on September 18-19, 2019. We will invite upstream and downstream enterprises in chrome and nickel industry from over 30 countries to attend this event, including mine owners, minerals traders, alloy manufacturers & traders, end users, equipments factories, logistics companies, futures companies, research institutes, steel mills, industry associations, etc. We are looking forward to meeting you at this summit to create business opportunities.
Registration & Getting Conference Materials
Registration & Trade Negotiation(at the same time)
What is the impact on the raw material market after the listing of stainless steel futures?
The Indonesian ferronickel plants have been put into production successively. What will be the Indonesian domestic market?
The chance for chrome market in 2019.
How will the uncertainty of domestic and Indonesian stainless steel production capacity affect the market?
How will the domestic high-carbon ferrochrome plants to respond to the impact of imported iron?
Will the domestic ferronickel plants decrease the production because of the increased production capacity of ferronickel in Indonesia in 2020?
The changes of China’s stainless steel import & export volume after stainless steel anti-dumping.
With excess high carbon ferrochrome capacity, how can domestic factories respond?
How to deal with the overly centralized and transparent chrome and nickel market?
Group Photo Shooting
( Notes: For the ultimate agenda and activities, please check the conference website or final notice )
? Is there any new change in the Indonesian nickel quota policy in 2020? ? After the iron ore price continues to rise, does the demand for low grade high iron nickel ore increase? ? Affected by many aspects, does the high grade ferronickel plants have cost burden? ? How do nickel miners and traders respond to the cost burden of ferronickel plants? ? How does the relationship between supply and demand change caused by the increased domestic high grade ferronickel? ? Is the concentration and transparency of large-scale nickel mines, traders and domestic ferronickel plants in favor of the development of the industry?
?With high power costs, how can southern factories in China maximize other advantages? ?Selection conditions of stainless steel factories for domestic ferrochrome and imported ferrochrome. ?Faced with the rise of large-scale high-carbon ferrochrome plants, where can small factories go?
?Is there still any sense for the existence of chrome traders’ role as a “reservoir”? ?How can miners change the situation with high carbon ferrochrome output increasing, chrome stocks being stable and imports staying at a high level? ?If factories and miners transform into industrial and trade integration or bundled cooperation, will the traditional traders become history?
?With the price of chrome ore falling to historic lows in the last three years, when will minerals price stop falling and keep rising? ?Anti-dumping is a double-edged sword leading to the decline of Indonesia's stainless steel output, impact of ferrochrome imports strengthen again, how will domestic factories respond? ?With raw materials for steel use stocking up, how long will ferrochrome destocking last?
?With the centralization and enlargement of new production capacity of ferrochrome, how can high-carbon ferrochrome factories in southern China avoid being thrown out? ?With ferrochrome capacity expansion continuing and backward capacity marginalization, when can supply and demand balance be established?