The nickel ore price is stable this week
Time:Wed, 10 Jul 2024 06:47:12 +0800
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The price of Ni: 0.9% low alumina ore is at $37/wet ton CIF, and the price of Ni: 1.5% nickel ore is at $46-47/wet ton. The import volume of Philippines nickel ore to Indonesia has increased, and the transaction price of 1.4% grade nickel ore is around 42-43 US dollars per wet ton. China's domestic stainless steel production has decreased month on month, and with the expectation of weakened demand, the price weakness of the nickel pig iron market is evident. The mills are not willing to purchase high priced nickel ore, and there have been few transactions of medium to high grade nickel ore in China recently.
