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Home / Metal News / Big Chance for Nickel Ore Price to Rise, SMM Says

Big Chance for Nickel Ore Price to Rise, SMM Says

iconJun 10, 2015 10:20
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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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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