[Ferro-alloys.com]In the six months as of early February 2015, the low grade nickel ores price in Chinese market continued to decline with drop rate of 43%. In mid-Feb., the Ni ore with Ni0.9-1.1%，Fe49% was quoted at RMB210-220/wet mt.

It was expected that the low grade nickel ores was unlikely to go down then as it had already kept stable for nearly two months. In addition, it was acknowledged that the import cost had increased since mid-Jan., which would provide support to the low grade nickel ores spot. However, the real recover condition of nickel ores spot would largely depend on the recover situation of low FeNi of China after the Spring Festival.

The following chart was low grade nickel ores spot price in China from Oct.2014 to Jan. 2015

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• [Editor:Juan]