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In 2014, the low grade nickel ores market conditions were not optimistic. In half two of 2014, the nickel ores price continued to decline because of the weak demand and the surplus supply, which even recording the new low.

Affected by the Indonesian policy, the LME nickel ores price started rebounding since Feb. 2014, and the sharply increase was seen in Apr. and May.

In 2014, the high grade nickel ores spot price experienced large ups and downs. It could be seen that in half 1 of 2014, the nickel ores spot price rose to RMB930/wet mt from RMB380/wet mt, with rising rate of 144%.

At the end of Dec., the LME Ni price had already declined for three weeks, which pushed down the ferronickel price. Even though inquires for medium and high grade nickel ores was still active, the offers from buyers decreased. This week the medium and high gra...

According to the statistics, total nickel ores imports of China in Nov. was 2.86million tons, which decreased by 31% and 63.4% month on month and year on year. Philippines’ nickel ores was 2.74million tons, down by 33.4% and 8.8% compared with that of last mo...

Even though the demand for medium and high grade nickel ores from FeNi producers was still high, the weak LME Ni price made the buyers hesitate to buy the materials.

Entering Mid-Dec., inquires and purchases for medium and high grade nickel ores was still active. Despite of the downturn LME Ni price in recent two weeks, the spot price of medium and high grade nickel ores stayed stable as Ni 1.7% was quoted at RMB530-540/we...

In recent week, the nickel ores purchase was still active in Chinese market. The medium and high grade nickel ores price further increased along with the decreasing stock.