Affected by the weak market condition of the low ferronickel, the low-grade nickel ores future price also declined

During June and August, the stainless steel production would enter the off-season, which reduce the demand of the raw material-ferronickel.

Expect for the weak demand from steel mills, the upcoming cancellation export tariff of the nickel products might also pressured on the FeNi price.

It was expected that the spot nickel ores price might go down then

]Recently many steel mills started to cut down the purchasing price of high FeNi.

Jisco Cut down High FeNi Purchasaing Price of June-China

Since mid of May, the LME nickel price kept the weak trend. The FeNi price declined slightly at the end of May for the weaker demand. As more FeNi enterprises closed down, making the purchasing of nickel ores deserted.

For the rising demand from steel mills, the low ferronickel price rose significantly