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[Ferro-Alloys.com]After the mid-autumn day, the ferronickel and nickel ores market kept steady temporarily, waiting for the releasing of the bidding price of FeNi. Now the medium and high FeNi price ran a little weak, and most of the manufactures cut down the ex-works price of high FeNi price by RMB10, as 10-15% was RMB990-1010/Ni, 6-8% was 990-1010/Ni. For nickel ores market, the buyers was cautious; meanwhile the nickel ores traders reluctant to sell the stock in low price as the freight in recent days rose and they also believed that the production would decrease due to rain season in mines areas.

 

Even though the nickel price rose much due to the QE policy stimulation during the holiday, the price was hard to keep the rising trend because of the high stock. According to the statistics, the nickel ores stock on Sep. 20^th was 219,246tos, increasing by 2.75% compared with that of early Sep..