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.

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.

Quotations of Mg Ingot Kept Flat in China（April7th–April10th)

FeSi Market Seemed Quiet in China in Early April 2015(April7th-April10th)

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.

[Ferro-Alloys.com]LME nickel price hit a six-year low on April 1, 2015, and then rebounded during the week. The price continued to fall in the following week.

[Ferro-Alloys.com]Chinese vanadium pent oxide was offered at RMB54,000-55,000/mt. V alloys had difficulty of buying low-priced raw materials, by contrast, vanadium pent oxide suppliers firmed quotation, first supplying old customers.

[Ferro-Alloys.com]Chinese FeV50 was offered at RMB64,000-65,000/mt by acceptance. Steel mills pressed the tender price, leading to continuous softness of V alloy despite of firm upstream raw materials cost.