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The wait-and-see sentiment in the nickel ore market remains unchanged, and nickel ore prices are under pressure. Domestic nickel pig iron plants in China have high costs and are not willing to accept nickel ore raw materials with excessively high prices, maintaining a mentality of price suppression. Traders have higher costs of acquiring goods and limited concessions. The supply-demand price game still exists, and we need to wait for a new round of transactions to land.
Recently, there have been limited individual transactions in the nickel pig iron market, mainly consisting of long-term contract orders, resulting in weak and stable nickel pig iron prices.