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[Ferro-Alloys.com]After entered June, the nickel ores market kept stable as most of the traders chose to hold the stock for the price to rebound, while some cash-strapped enterprises had to continue to sell in low price. Now the 1.6% was quoted at RMB230-250/mw; 1.8% was RMB320-330/mwt and 1.9% RMB360-370/mwt and 2.0% kept at RMB440-450/mwt. All the prices above were vehicle-tax price.

But as the low ferronickel price kept the downturn trend, resulting in the FeNi producers to cut down the nickel ores price to lower the cost. Under the pressure, the low nickel ores price of 0.9-1.1% dropped by RMB5-10/mwt. The latest price of 0.9-1.1% nickel ores(Fe50%，water33%) decreased to RMB290/mwt, RMB10 lower than early of June; while the products of Fe49%，water33% and Fe48%，water33% maintained standard at RMB270-280/mwt and RMB260-270/mwt.

 

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