In FeNi market, some producers were initiative to sell some products for the tight fund. However, they still quoted firm. For steel mills

On the 11th China Ferro-alloys International Conference, Faisal Emzita, the Executive Director of Indonesian Nickel Association introduced the latest condition of the Indonesian export ban.

Affected by the Indonesian policy, the nickel price had already cumulative gains 50% since early of 2014.The main downstream industry-stainless steel suffered much due to the rising cost.

Affected by the Indonesian policy and the Ukraine situation, the nickel price had already increased by 50% since mid-Mar. This change brought much pressure to the steel mills for the rising cost while the stainless steel price was pulled up.

In China, more FeNi enterprises, including large producers had to cut down production or even closed down for lack of appropriate nickel ores.

This week the nickel ores price continued to go up while the trading volume was little. According to the statistics, the total nickel ores stock at main ports of China was xx million tons, decreasing by XX tons.

]In Apr., the nickel price continued to go up affected by the tight nickel ores export ban of Indonesian. During this month,

Nickel has enjoyed a solid price spurt in recent months, fuelled by fears over heavy supply disruptions after Indonesia — home to around a fifth of total nickel production — placed an export ban on nickel ore back in January