This week the high FeNi price decreased by RMB10/mt as ferronickel (Ni 10-15%) was at RMB1, 280-1,300/Ni. In mid of July, the high FeNi price advantage increased slightly compared with nickel metal

As of mid-July，the Indonesian policy was still firm and the market generally expected that the election would not change the present condition. As the Philippines could not make up the gap, it was predicted that the high Ni ores supply would be tight in

In the second week of July, the medium and high grade nickel ores future and spot prices kept stable while the trading volume was not large.

It was still generally expected that the Indonesian export ban would not be changed. Therefore, the supply shortages would provide firm support for the nickel and FeNi price in the long run. However, considering the fund and the demand from steel mills,

In the beginning of July, the spot prices of nickel ores in China dropped by RMB30/wet mt with prices as follows, Nickel ore with Ni 1.6% at RMB630-650/wet mt, Ni1.7% at RMB690-720/wet mt, Ni1.8% at RMB790-810/wet mt, Ni1.9% at RMB840-860/wet mt, Ni2.0% at RMB...

At the beginning of July, ex-work price including tax of ferronickel (Ni 1.6-1.8%) dropped RMB150/mt to RMB3200-3250/mt due to oversupply and softened demand.

The FeNi price was expected to go weaker for the weak demand from steel mills, while the decreasing rate might not be large, because now many FeNi producers had already cut down the production

At the end of this month, the new round of purchasing for ferronickel was coming. Some steels had already said the purchasing volume would be reduced because of the weak demand and the poor market condition. I