This week the medium and high FeNi prices stayed firm, which had no changes compared with last week. Specifically, FeNi with (Ni 4-6%) was quoted at RMB1150-1160/Ni, ferronickel (Ni 6-8%) at RMB1140-1150/Ni and ferronickel (Ni 10-15%) at RMB1140-1150/Ni.

In recent week, the nickel ores purchase was still active in Chinese market. The medium and high grade nickel ores price further increased along with the decreasing stock.

[Ferro-Alloys.com]The LME nickel price rose last Friday, Dec 12, creating an intraday high at 16725 with a low at 16228, closing at 16675, up 2.76% all day.

[Ferro-Alloys.com]The LME nickel price continued to fall on Wednesday, Dec 10, with an intraday high at 16620 and low at 16325, closing at 16325, down 1.3%.

Entering Dec., the low ferronickel price started to recover due to the tight supply. More discontinuous enterprises planned to recover the production. Now the low FeNi ex-works price was RMV2550-2600/mt, rising by RMB100 than early Dec.. However, in view of th...

since mid-2014, the low grade nickel ores spot price continued to decline. In Nov., the average monthly price of low grade Ni ore (Ni0.9-1.1%) declined to RMB230/wet mt, down by RMB150 compared with that of the highest point in Jun..

[Ferro-Alloys.com]LME nickel price reached a high at 17140 on Dec 5, but the price dipped after hitting a new high at 17200 in the following day, which made the price fail in its try of breaking 17000 level.

Now other steel mills and the traders were cautious for the purchase. However, as the price weathervane of FeNi, Tesco’s tender price in Dec. would further stimulate the market. What’s more, the international nickel price rose well, which had broken through ...