Indonesia Raised Benchmark Nickel Ore Export Price for February-Shanghai Metals Market

Hot Keywords

  • Nickel market
  • Market commentary
  • Silicon
  • zinc
  • Copper
  • Aluminium
  • Nickel ore
  • Inventory data
  • Stainless steel
  • Production data
  • Nickel
  • Zinc
  • Sales data
  • Morning comments
  • Silicon metal

Indonesia Raised Benchmark Nickel Ore Export Price for February

Industry News 10:22:21AM Feb 06, 2013 Source:SMM

SHANGHAI, Feb. 6 (SMM) – The Indonesian government announced in late January that it had raised its benchmark nickel ore export price for February by 0.41-0.45% to USD 14.57-39.86/wmt based grade of nickel ore. The benchmark export prices are now as follows:

Benchmark Nickel Ore Export Prices 2013 Unit: USD/wmt
Grade
January
February
<1.5%
14.51
14.57
1.5%-1.8%
24.03
24.13
1.8%-2.0%
31.25
31.39
≥2.0%
39.68
39.86

SMM believes the higher benchmark export price for nickel ore in February and the strong rally in LME nickel prices helped bolster quotations of traders. However, as NPI prices remained low, any increase in nickel ore was limited by cost pressure at NPI producers.
 

Price

more
#1 Refined Cu
Dec.12
48905.0
420.0
(0.87%)
Standard-Grade Copper
Dec.12
48900.0
425.0
(0.88%)
High-Grade Copper
Dec.12
48910.0
420.0
(0.87%)
Guixi Copper
Dec.12
48915.0
420.0
(0.87%)
Low-Quality Copper
Dec.12
48860.0
430.0
(0.89%)

Indonesia Raised Benchmark Nickel Ore Export Price for February

Industry News 10:22:21AM Feb 06, 2013 Source:SMM

SHANGHAI, Feb. 6 (SMM) – The Indonesian government announced in late January that it had raised its benchmark nickel ore export price for February by 0.41-0.45% to USD 14.57-39.86/wmt based grade of nickel ore. The benchmark export prices are now as follows:

Benchmark Nickel Ore Export Prices 2013 Unit: USD/wmt
Grade
January
February
<1.5%
14.51
14.57
1.5%-1.8%
24.03
24.13
1.8%-2.0%
31.25
31.39
≥2.0%
39.68
39.86

SMM believes the higher benchmark export price for nickel ore in February and the strong rally in LME nickel prices helped bolster quotations of traders. However, as NPI prices remained low, any increase in nickel ore was limited by cost pressure at NPI producers.