The nickel ore price will be stable

The Philippines is in the rainy season, and the current nickel ore trade resources in the market are limited. The bidding price of mines is high. Traders have raised their prices due to high import costs. Chinese domestic ferronickel enterprises mainly purchase by demand. Some factories had started or planned maintenance, so the acceptance of high-priced nickel ore was not good. Considering that the support of the downstream ferronickel market, it is expected that the nickel ore price will be stable.