Nickel ore prices remain stable at high levels

Laterite nickel ore CIF prices are flat.
Ni:1.3% nickel ore: 49 USD/wmt
Ni:1.5% nickel ore: 61–64 USD/wmt
Ni:1.8% nickel ore: 84 USD/wmt
The overall nickel ore market is stable with prices steady.
As the Chinese Spring Festival holiday approaches, market participation is gradually declining, with both buyers and sellers adopting a wait-and-see attitude. Prices remain stable at high levels.
Domestic Chinese factories are under heavy production pressure due to high raw material costs, resulting in low purchasing willingness for nickel ore at current price levels.
Given the long holiday, most factories are mainly consuming existing inventories and suspending new spot purchasing plans, leading to thin actual transactions in the market.