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Since mid of May, the LME nickel price kept the weak trend. The FeNi price declined slightly at the end of May for the weaker demand. As more FeNi enterprises closed down, making the purchasing of nickel ores deserted.

Affected by the rising trend of foreign market, the spot price of high grade nickel ores in Chinese market continued to improve. However

[Ferro-Alloys.com] In end May, the crazy nickel ore market in China grandually calmed down due to buying from purchasers decreasing.

Nickel was underpinned on Tuesday after rioting at a Vale mine in New Caledonia intensified worries over supply shortages, while copper hit its highest level in nearly three months on demand recovery hopes.

By now the Indonesian policy was still firm. Even though the election in July was one factor for the change, the President of the Chamber of Commerce in Indonesia said the export ban was likely to be abolished.

On the 11th China Ferro-alloys International Conference, Faisal Emzita, the Executive Director of Indonesian Nickel Association introduced the latest condition of the Indonesian export ban.

This week the nickel ores price continued to go up while the trading volume was little. According to the statistics, the total nickel ores stock at main ports of China was xx million tons, decreasing by XX tons.

According to the latest statistics, China imported 2.29million tons nickel ores in Mar.