The supply of nickel ore is expected to increase gradually

At the end of the rainy season in Surigao, the Philippines, the supply of nickel ore is expected to increase gradually. Affected by the slowdown of the downstream market, most domestic mainstream ferronickel plants are mainly consuming early-stage inventory, with a significant decline in purchasing enthusiasm. The short-term shipping price continues to be down, but the FOB price of the nickel ore is strong, which leads to the high cost of traders.