[www.ferro-alloy.com] Ferronickel (10-15%) marketing is still quoting at a high price with a tight supply and a difficult purchasing for steel plants.

[www.ferro-alloy.com]The ferronickel price continues to maintain an increasing condition this week. It seems that ferronickel (10-15%) factories will quote an expensive price.

[ferro-alloys.com]The spot price of nickel ore remains a stale trend this week, but the shipping nickel ore is still such shortage that mines quotation abroad has a slight increase.

[www.ferro-alloys.com]Today, there is a stable trend of fereronickel prices, but few ferronickel industries in non-main district plan to restart.

[Ferro-Alloys.com]There is a slight increase for ferronickel (1.6-1.8%) this week, whose quotation is RMB1,900-2,000/T. With a stable trend, the mainstream price of ferronickel (6-8%) is 720-730/Ni, and of ferronickel(10-15%) is RMB 710-720/Ni.

[Ferro-Alloys.com]LME nickel continued to rise this week after breaking through MA89 on Tuesday, up 3.87% on the day. The price began to fall after hitting 9,000 and was trying to break the resistance level of 9,000.

[Ferro-Alloys.com]Despite the tight supply of spot nickel ore, the futures and spot prices of nickel ore remained stable this week, and some ferronickel producers said there’s not enough nickel ore in ports.

[Ferro-Alloys.com]The futures and spot prices of nickel ore remained stable in the week. Philippines origin nickel ore (Ni0.9-1.1%, Fe49%) was quoted at RMB140/WMT and US$16-18/WMT, nickel ore(Ni1.6%, Fe25-30%) at RMB250/WMT and US$30-31/WMT;