The laterite nickel ore price is temporarily stable

The CIF price of laterite nickel ore is temporarily stable. Affected by the decline of high grade ferronickel price, the factory procurement is cautious recently, and there is no guidance for sporadic high price transactions. After the rainy season in the Philippines, the shipment of nickel mines maintained a downward trend, there were few circulating resources, the FOB price of upstream nickel ore was strong. The market waited for a new round of quotation, and the quotation for downstream factories increased significantly after the holding cost of some traders increased.