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[Ferro-alloys.com]I In recent week the LME nickel price continued to decline.on Mar.19th,LME Ni closed at USD13715/mt, down by USD300/mt than last week while the nickel stock increased by 966tons to 431,820tons. On Mar.20th, Jinchuan 1# nickel was quoted at RMB103300-103700/mt, decreased by RMB850/mt.

In Chinese market, the low FeNi price was weak for the ample supply and poor demand. The low FeNi price was quoted at RMB2550-2600/mt while mostly traded at RMB2500-2550/mt (ex-works price with tax by cash). Medium FeNi price also kept stable as Ni4-6% was at RMB1010-1030/Ni, and Ni6-8% was at RMB1000-1020/Ni. Meanwhile, the high FeNi price fell by RMB20/Ni to RMB1010-1030/Ni.even though the FeNi price still bore risk to go down for the Continuous decline as well as the stainless steel anti-dumping from India and Europe.

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• [Editor:Juan]