The nickel ore price is expected to keep stable in the short term

On February 13, the price of laterite nickel ore was temporarily stable. At present, the price of Ni: 0.9% high alumina ore is CIF 48 dollars/wet ton, and the price of Ni: 1.3% ore is CIF 51-54 dollars/wet ton. Recently, some Chinese domestic factories have implemented the maintenance and production reduction plan, and the raw material nickel ore inventory is relatively abundant. It is difficult to accept the high price quotation. Although Surigao mining area in the Philippines is still in the rainy season, many mining enterprises have been considering the March shipment plan recently. The nickel ore price is expected to keep stable in short time.