Low FeNi Price from Apr.2014 to Apr.2015-China

High FeNi Price from Apr.2014 to Apr.2015-China

[Ferro-Alloys.com]LME nickel price closed at 14745 on Feb 12, down 385 over the previous week. LME nickel stock was 426,018 tonnes, increasing by 2,528 tonnes. LME nickel price fell last week after it formed a star-shape in the previous week on the week chart....

It was acknowledged that the high FeNi tender price of Baosteel in Feb. 2015 was settled at RMB1090/Ni, declining by RMB30/Ni compared with that of last month(delivery price with tax, by cash).

[Ferro-Alloys.com]The ferronickel and electrolytic nickel prices have been increasing since Q2, 2014 thanks to the unrefined ore ban in Indonesia. China’s ferronickel producers lowered their operation rate due to the increasing price for nickel ore and the de...

In late July, most of the steel mills had pulled up the high FeNi price by RMB10-20/Ni while the suppliers showed different attitude for the situation. Some chose to sell to recover the fund while still some prefer to cooperate with the traders

This week the high FeNi price decreased by RMB10/mt as ferronickel (Ni 10-15%) was at RMB1, 280-1,300/Ni. In mid of July, the high FeNi price advantage increased slightly compared with nickel metal

It was still generally expected that the Indonesian export ban would not be changed. Therefore, the supply shortages would provide firm support for the nickel and FeNi price in the long run. However, considering the fund and the demand from steel mills,