In recent week, the nickel ores market had no large changes. The nickel ores stock of China continued to decline. On Apr.24th, nickel ores stock was 17.56million tons, down by 300thousand tons than last week, of which Indonesian Ni ore wa s4.3million tons. Som...

In end of Apr., the high ferronickel price basically kept stable, which was quoted at RMB950-960/Ni (ex-works price with tax by cash). In Inner Mongolia, some enterprises with large furnaces like 33000kva and close to the port had already recovered

Entering mid-Apr., the medium and high grade nickel ores price further declined under weak purchases.

]This week the nickel ores price further decreased along with the weak purchases. Even though some FeNi enterprises planned to recover the production, the uncertain market condition pushed them to wait and see. In addition, the falling future price of Ni ore a...

After 5 weeks’ decline, the LME Nickel price slightly recovered. On Mar.16th, LME Ni closed at USD12795/mt, which increased by USD260/mt than last week while the stock improved by 1974tons

This week the medium and high grade nickel ores price further declined along with the weaker LME Ni price. On Apr.10th, the nickel ores stock slightly increased by 50thousand tons to 17.95million tons.

Along with the recovering production, the low FeNi price declined to RMB2420-2450/mt, RMB60/mt lower than last week. if some enterprises in Linyi, Shandong would resume in May as expected, the supply would further increase.

In recent days, the low FeNi supply increased along with the production recover of some enterprises. However, as the demand from steel mills was weak, the low FeNi price declined by RMB50/mt to RMB2420-2450/mt.