[Ferro-alloys.com]This week the nickel ores price totally weakened, especially the medium and high grade nickel ores in future market. on Mar.27th, nickel ores stock was 17.9million tons, down by 250thousand tons than last week, of which Indonesian Ni ores was 4.4million tons while Philippines Ni ores was 13.5million tons.

This week the medium and high grade nickel ores spot price had no changes while the future price declined by USD4/wet mt. the specific prices are as follows, Ni1.6%, Ni1.7%, and Ni1.8% in Tianjin Port were quoted at RMB410-420/wet mt, RMB490-510/wet mt, RMB550-570/wet mt respectively, and the transaction price for Ni1.9% and Ni2.0% were RMB620-630/wet mt, RMB680-690/wet mt.

Ni ore with Ni1.7% and Ni1.8% from Philippine are $54/wet mt FOB and $66/wet mt FOB.

Meanwhile, the low grade nickel ores spot trading price decreased by RMB5-10/wet mt while the quotes was weakly steady and so as to the future price as nickel ore(Fe50%, water33%), nickel ore(Fe49%, water33%), nickel ore(Fe48%, water33%) was quoted at RMB200-210/wet mt, RMB190-200/wet mt and RMB180-190/wet mt. FOB prices for above materials were $16-18/wet mt, $15-17/wet mt, $14-16/wet mt respectively.

It was expected that the nickel ores price still bore downturn risk under the poor capacity release of FeNi and the recovering exploitation after the rainy season.

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• [Editor:Juan]