Philippine's nickel ore quotation continues to rise
Time:Tue, 06 Aug 2024 21:29:22 +0800
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This week, the trading atmosphere in the nickel pig iron market is hot, continuing the bullish sentiment. The supplier's quotation has been raised, the bargaining range has shifted upward, and the nickel pig iron price has been strong after reaching an upward trend. On the cost side, the Philippine nickel ore quotation continues to rise, with Ni: 1.4% nickel ore CIF price rising by $1/ton to $43/ton. On the supply side, nickel pig iron mills' offers are up to 1030 yuan/Ni%(tax included) and above. On the demand side, stainless steel futures are trending, but spot trading is average. The latest purchase price for steel mills has dropped to 1010-1020 yuan/Ni%(tax included), which has raised the price for purchasing nickel pig iron raw materials. We need to pay attention to the latest mainstream transaction prices and market changes in the future.
