keywords :
The price of nickel ore is affected by the rising price of ferronickel and the rainy season weather factors, and the nickel ore quotation remains stable. The domestic ferronickel prices in China are running relatively strong. Recently, the price of ferronickel has increased to 1,030 yuan/NI%. The price of ferronickel has risen, and factories have a strong willingness to purchase nickel ore.
The rainy season is approaching in the Surigao region of the Philippines, and Chinese ferronickel plants are stocking up, while nickel ore suppliers are offering high prices for shipments. On the demand side, the spot price of stainless steel remains stable, and steel mills are slowing down their efforts to suppress raw material prices.