Last week the rising LME Ni price and the rebound ferronickel market benefited to the nickel ore market’s going up. What’s more, the transactions increased as the producers’ willingness of resume production strengthened.
Specifically, the low nickel ores price grew by RMB5 due to the increasing of iron ore price, as Philippines 0.9-1.1% Ni ore (Fe50%, water 33%) was RMB285/mwt;Fe49%, water 33% 275/mwt; Fe 48%, water 33% 255/mwt. medium and high nickel ores price rose by RMB10 for the rising ferronickel price and the cost. 1.6% was RMB 240-250/mwt；1.8% RMB 330-340/mwt；1.9% RMB 370-380/mwt，2.0% RMB 440-450/mwt.
Foreign nickel ore market: Philippines low nickel ores price was stable as 0.9-1.1%(Fe50%, water 33%) was at USD$ 21-22/mwt, Fe49%, water 33% was USD$20/mwt, and Fe48%, water 33% USD$19/mwt. the high nickel ores from Indonesia increased by USD$1, and it was because the Indonesia Ramadan is coming, many traders bought the ores ahead of time, resulting in the stock tense. The nickel ores miners seized the chance to raise the price as Indonesia1.8% USD$27-30/mwt, 1.9% was USD$ 32-35/mwt and 2.0% USD$39-40/mwt. the medium nickel ores temporarily kept steady as Indonesia 1.6% was USD$17-20/mwt, and 1.7 was USD$20-25/mwt. All the prices above were FOB price.
According to the latest statistics from the Customs, the nickel ore import volume of China in June was 5,421,165tons, 14.79% lower than last month, 6% lower year-on-year. The total amount in June decreased by 11.24% month-on-month to USD 390,139,889, and dropped by 15.2% than the same period of 2012. the total imports of Ni ores from Jan. to June was 31,137,557 tons, improving by 21.15% than last month while decreasing by 15.7% comparing the same period of 2012, and the total amount was USD2,521,801,502, increasing by 17.86%% m-o-m, and growing by 2.2% y-o-y. Recently, the Ni ores’ stock pressure might be released a little due to the decreasing import volume and the rebound purchasing. And the price might go basically stable or increased a little.