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In the three years of 2011-2013, the high FeNi price basically presented the stepwise decline. In 2011, the high FeNi was quoted at RMB1450-1550/Ni(ex-works price with tax, by cash) while in half 1 of 2012,

It was acknowledged that the high grade nickel ores spot price started to recover in end Nov. after more than half years’ decline. From Dec. 2014 to Feb. 2015, the nickel ores price

In accordance with the spot market, the high grade nickel ores futures price drop to low level in mid-Nov. 2014 and then in the next two months, the nickel ores price slightly recovered.

In early Feb., 2015, low ferronickel price was quoted at RMB2600-2650/mt, declined by RMB50/mt after nearly three months’ firm period.

[Ferro-Alloys.com]LME nickel price rose on Monday and Tuesday last week, creating a week high at 15505, and the price hit a week low at 14755 on Thursday. The price failed to reach MA89 on the day chart, creating a cross-star on the week chart.

In recent week, the low FeNi stayed at RMB2650-2700/mt. it was expected that the price would went steady along with the low demand and operating rate. For medium and high FeNi, the price further declined

This week the nickel ores spot price in Chinese market was stable while the futures increased by USD1-2/wet mt. on Feb.6th, nickel ores stock of China was 19.3million tons, declining by 300thousand tons than last week

With regard to the stainless steel series, Cr-Ni(300series) production achieved the fastest growth. In 2014 Cr-Ni stainless steel output amounted to 10.86million tons, rising by 71.9%than that of 2010;