Mines and Nickel Ore Traders Slightly Cut Their Quotes to Ship amid Falling NPI Prices

Telah Terbit: Apr 12, 2023 17:50
Sumber: SMM
In March, the average monthly price of Ni 1.5% ore was $65.9/wmt on a CIF basis, which fell slightly from the previous month.

SHANGHAI, Apr 12 (SMM) - In March, the average monthly price of Ni 1.5% ore was $65.9/wmt on a CIF basis, which fell slightly from the previous month. Nickel ore shipments from the Philippines and the trading volume stood low at the end of the rainy season in the country. In the meantime, NPI prices in China trended lower on poor demand, dragging down ore prices. Some NPI factories that intended to buy nickel ore were discouraged by the ore quotes offered by suppliers.

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