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The CIF price of laterite nickel ore remains unchanged, currently, the price of Ni: 0.9% low alumina ore is at $37/wet ton, and the price of Ni: 1.5% nickel ore is at $46-47/wet ton,. Last week, the Philippines experienced severe weather, which affected shipments. 23 ships with approximately 1.237 million wet tons were shipped last week, including 18 ships to China and 5 ships to Indonesia.
On the Indonesian side, its nickel ore supply remains tight, while imports from the Philippines are increasing. The CIF price of Philippines Ni1.4% grade ore is 42-43 US dollars per wet ton. High grade nickel ore market in the China continues to remain quiet, while low grade nickel ore has transactions. The price of Ni0.9/Fe49%/Al5% nickel ore is $37/wet ton. Some ordinary carbon steel mills purchase low Ni high FE nickel ore and mix it to reduce raw material costs. It is expected that nickel ore prices will remain high in the short term.