In June 2014, China imported 3.66million tons nickel ors, which decreased by 10.03% and 32.43% as compared to that of last month and same period of last year.

As of mid-July，the Indonesian policy was still firm and the market generally expected that the election would not change the present condition. As the Philippines could not make up the gap, it was predicted that the high Ni ores supply would be tight in

In the second week of July, the medium and high grade nickel ores future and spot prices kept stable while the trading volume was not large.

In the beginning of July, the spot prices of nickel ores in China dropped by RMB30/wet mt with prices as follows, Nickel ore with Ni 1.6% at RMB630-650/wet mt, Ni1.7% at RMB690-720/wet mt, Ni1.8% at RMB790-810/wet mt, Ni1.9% at RMB840-860/wet mt, Ni2.0% at RMB...

At the end of this month, the new round of purchasing for ferronickel was coming. Some steels had already said the purchasing volume would be reduced because of the weak demand and the poor market condition. I

For low-grade Ni ores supply, in Q3, the Philippines would enter the export peak period, so under the large supply condition, the low-grade Ni ores price was easy to go down.

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

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