The prices of laterite nickel ore are temporarily stable

The FOB and CIF prices of laterite nickel ore are temporarily stable. At present, the price of Ni: 0.9% high alumina ore is CIF 47 dollars/wet ton, and the price of Ni: 1.3% ore is CIF 50-51 dollars/wet ton. The Philippines is in the rainy season, and the bidding price of the mines is firm under the low supply level. Traders are cautious about taking the goods in consideration of the acceptance capacity of domestic factories. In January, Chinese domestic nickel enterprises continued their production reduction plan, and with the Chinese Lunar New Year approaching, the recent downstream market is waiting for a holiday, and the market transaction is not active.