Indonesian Nickel Ore Rewards Persist, December CIF Prices Expected to Drop

Publicado: Nov 29, 2024 18:02
[The intention of additional rewards for Indonesian domestic trade nickel ore is quite distinct] Regarding the additional rewards, as of now, there are no signs that the additional rewards for December will be completely cancelled as expected. Feedback from some new deals under negotiation or already finalised indicates that there are still reward measures of at least +$1/wmt for the silicon-magnesium ratio. For tonnage rewards, different suppliers and parks have different reward tiers, with mainstream rewards ranging from +$1/wmt to +$3/wmt. It is expected that with the finalisation of new deals by other parks and nickel ore suppliers over the weekend and next week, the CIF price of nickel ore arriving in December will drop by $3 to $4/wmt, becoming one of the main trends.

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[The intention of additional rewards for Indonesian domestic trade nic - Shanghai Metals Market (SMM)