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[Ferro-Alloys.com]This week the LME nickel price was still not well, which closed at USD14170/mt on Mar.5th, decreasing by USD225/mt than last week while the stock increased by 3,846tons to 431442tons. On Mar.6th, Jinchuan nickel was quoted at RMB104900-105100/mt, down by RMB850/mt.

The low ferronickel (Ni1.6-1.8%) price maintained at RMB2600-2650/mt. In recent week, all the FeNi business environmental unqualified in Linyi city, City was shut down and some large enterprises also suffered the problem. However, despite of the above condition, the low FeNi supply would not be affected much because some low FeNi producers in other areas was gradually recover the production. In view of the medium and high FeNi, their prices decreased by RMB30/Ni as medium FeNi (Ni4-6%) was at RMB1010-1030/Ni, FeNi (Ni6-8%) at RMB1000-1020/Ni, and high FeNi (Ni10-15%) was RMB1030-1050/Ni.  

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• [Editor:Juan]