ne of the major reasons was the downturn production of steel mills. It was learned that Posco, Jisco and some other steel mills had already planned to overhaul.

Entering July, the demand from stainless steel weakened. It was acknowledged that the overhaul of steel mills increased. Under this condition, many steel mills cut down the purchasing volume of the raw materials.

At the end of June, the new round of purchasing was coming. Now many steel mills have already shown that the purchasing volume of high FeNi would decrease because of the weak demand and the poor market condition

According to the relative data, in May, 2012, Indonesia had ever prohibited the nickel ores export in short term. In this condition, the nickel ores import from Philippines increased dramatically, the single month import reached 370thousnad to 450thousand tons...

Entering June, the high ferronickel price continued to decline along with the weaker LME nickel price and the nickel metal price in Chinese market.

Wulanchabu City, the largest producing area of FeNi in Inner Mongolia, China, was still suffering the strict environmental policy. At early time of June, the operating rate of high ferronickel here had already dropped to

In 2013, the global nickel ores exports reached 117million tons, up by 41.6% year on year, of which the major export countries-Indonesia, Philippines and New Caledonia’s export volume accounted for 55%，39% and 3.8% of the total respectively.

Affected by the weak LME nickel price and the poor operating rate of the ferronickel in China, the nickel ores spot price in Chinese market also declined slightly following the future price.