It was acknowledged that in end of Mar., 2015, the mainstream purchasing price of high FeNi of steel mills maintained at RMB1030/Ni (delivery price with tax). One Chinese FeNi producer said, now its production was normal while they chose not the sell now for t...

Cr-Mn Stainless Steel Price from Jan.2014 to Mar. 2015-China

Even though the low FeNi operating rate in China decreased, the supply was not tight. Adding to the falling price of low grade nickel ores, the low FeNi Price declined to RMB2550-2600/mt, RMB50/mt lower compared with last week.

Entering mid-Mar. of 2015, the ferronickel industry maintained the low operating rate while the high FeNi price continued to decline. The following was high FeNi purchase price of Posco from Jan. to Mar. of 2015.

High FeNi Spot Price in China from Jan. to Feb. in 2015

Low FeNi Spot Price in China from Jan. to Feb. in 2015

Medium FeNi Spot Price in China from Jan. to Feb. in 2015

This week the LME nickel price was still not well, which closed at USD14170/mt on Mar.5th, decreasing by USD225/mt than last week while the stock increased by 3,846tons to 431442tons. On Mar.6th, Jinchuan nickel was quoted at RMB104900-105100/mt, down by RMB85...