Big Chance for Nickel Ore Price to Rise, SMM Says

Published: Jun 10, 2015 10:20

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Nickel ore price will have a big chance to rise on bullish outlook, Shanghai Metals Market foresees.

SHANGHAI, Jun. 10 (SMM) – Nickel ore price will have a big chance to rise on bullish outlook, Shanghai Metals Market foresees.

The gain in LME nickel in recent days boosted sentiment in the ore market, and Philippine’s ore suppliers plan to raise FOB prices, SMM understands.

On June 9, the price of Ni 0.9-1.0% ore was 165-185 yuan, 260-360 yuan for Ni 1.4-1.6%, and 500-570 yuan for Ni 1.8-1.9% ore, according to SMM data.

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