Weekly News on FeNi Market (June 1, 2015-June 5, 2015)

Affected by the high stock, LME nickel price still fluctuated below USD13000/mt. in addition,the consumption rate might also be restricted by the off-season of the stainless steel market. However, the active could also be seen from the FeNi market. Low operati...

[Ferro-Alloys.com]The price of LME Ni continued to show downtrend, which was hovering below $13,000/mt level line for three weeks. Since the ferronickel price slightly decreased, mills were inactive to purchase, medium and high grade nickel ores price dropped ...

In recent week, the LME nickel price continued to decline, which closed at USD12795/mt, down by USD235/mt than last week while nickel stock increased by 17742tons to 464610tons. On May29th, Jinchuan 1#nickel was quoted at RMB99200-99700/mt, which dropped by RM...

At the end of May, the LME Nickel price further declined along with the surging stock. On May26th, LME Ni price closed at USD12, 715/mt, which decreased by USD745/mt month on month

[Ferro-Alloys.com]China’s Ferronickel import volume was 75,154mt in April, up by 93.6% M-O-M(38,816mt) and up by151% Y-O-Y(29,903mt). The total import volume from Jan. to Apr 2015 was 197,000 mt, up by 87.6% Y-O-Y（105,000mt).

[Ferro-Alloys.com]China’s unwrought nickel import volume was 18,234mt in April, up by 215% M-O-M(5,774mt) and up by11.7% Y-O-Y(16,319mt).

[Ferro-Alloys.com] In recent two weeks, worse performance of LME Ni exerted negative affect on FeNi market. However, limited spot supply of Ni Ore brought about some cushion on spot market. On May 22, the inventory of nickel ore at main ports in China totaled ...