The price of nickel ore is temporarily stable
Time:Fri, 20 Dec 2024 09:58:53 +0800
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The price of nickel ore is temporarily stable. There have been no new bidding offers for mines in the Philippines recently, and most of them are based on orders in the early stage. China's ferronickel mills are still experiencing cost losses, and with some iron mills already planning to reduce production towards the end of the year, demand for nickel ore has further weakened, maintaining a mentality of price suppression. Some mills want to purchase 1.4% nickel ore at FOB 42-43 USD/wet ton, but the price game between supply and demand still exists, and they still need to wait for a new round of transactions to land.
