The nickel ore prices are running weakly and steadily

The 1.3% nickel ore in the Philippines was traded at CIF42-43 US dollars/ton within the week. Market participants in the nickel ore market adopt a wait-and-see attitude, and nickel ore prices are running weakly and steadily. The current mainstream transaction price of 1.3% nickel ore is mostly around 42 US dollars/ton CIF, while the mainstream transaction price of 1.4% nickel ore is mostly around 50 US dollars/ton CIF. In the Philippines, the 1.3% nickel ore FOB quotation for mines is mostly between 30-32 US dollars/ton, and there has been no transaction yet. Downstream nickel pig iron plants have reduced production, and raw material procurement remains cautious.