In early Feb., the Philippines nickel ores futures price totally increased. The medium and high grade nickel ores price improved by USD1-2/wet mt as Ni1.8% was quoted at USD73-74/wet mt while Ni1.5 was USD41-43/wet mt (FOB). Meanwhile, the low grade nickel ore...

In quarter4 of 2014, the demand of non-ferrous metal industry in China was still weak and so as to the price. From Jan. of 2015, China started implementing the new environmental laws, which would impact the FeNi, Lead and zinc smelting and copper smelting much...

HSBC said, restricted by the supply, nickel market prediction was seen optimistic. The bank expected that in 2016 the nickel price would increase to USD22000/mt while in 2017 it would decline to USD21000/mt along with the commissioning of the ferronickel proje...

This week the medium and high grade nickel ores price stayed stable while the low grade nickel ores futures continued to recover. According to the statistics, on Jan.30th, nickel ores stock declined by 250thousand tons to 19.6million tons

As the operating rate of high ferronickel was low, the spot supply was not much and it was expected that the high FeNi price did not have large drop space.

After half year’s decline, the low grade nickel ores future price started to rebound in end Jan., 2015. The main reason was the limited supply of the Philippines mines in rainy season.

In Jan. 2015, the high ferronickel price declined to RMB1070-1090/Ni from RMB1120-1140/Ni of Dec.2014. Because of the tight supply, the low FeNi price continued to go up. At the end of Jan., 2015, the low FeNi ex-works price reached RMB2650-2700/mt, rising by ...

In recent week, the low FeNi price rose by RMB25-50/mt to RMB2650-2700/mt(ex-works price with tax). The operating rate was still in low level for the strict environmental laws and most of the factories showed that the spot supply was pretty tight. Meanwhile, t...