Indonesian Laterite Nickel Ore Prices Polarize Amid Market Uncertainties

Publicado: Dec 17, 2024 17:58
By mid-December, the price trend of Indonesian domestic trade laterite nickel ore began to polarize in market expectations. On one hand, due to the continued sluggishness in domestic high-grade NPI prices, downstream smelters showed weaker acceptance of high-premium nickel ore. Based on such expectations, downstream smelters tended to raise their grade requirements for intended nickel ore purchases. On the other hand, influenced by the uncertain risks surrounding Indonesia's nickel ore policy for next year, upstream miners found it difficult to accept the expectation of further declines in premium prices and leaned more towards a cautious wait-and-see approach.

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By mid-December, the price trend of Indonesian domestic trade laterite - Shanghai Metals Market (SMM)