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On November 7, the price of laterite nickel ore was stable, and the short-term supply and demand of nickel ore were weak. At present, the price of Ni: 0.9% high alumina ore is CIF 43-44 dollars/wet ton, and the price of Ni: 1.3% ore is CIF 53 dollars/wet ton
Recently, the trading in the nickel mine market has turned weak. With the continuous reduction of overseas supply, the Philippines nickelsuppliers want to keep their offers. However, there is a downward expectation on the reduction of shipping costs after the rainy season, which has eased the downstream pressure to a certain extent. In terms of factories, they are not able to catch up with high prices. The market is waiting for new deals as guidance.