[Ni Ore] Philippine Ore Suppliers Plan to Suspend Sales on Sluggish Prices

Published: Jul 7, 2015 10:10

Save

Some Philippine suppliers of medium and high-grade nickel ore plan to stop selling goods due to sluggish prices, Shanghai Metals Market learns.

SHANGHAI, Jul. 7 (SMM) – Some Philippine suppliers of medium and high-grade nickel ore plan to stop selling goods due to sluggish prices, Shanghai Metals Market learns.

Nickel Asia, the Philippines' largest producer and exporter of lateritic nickel ore, said it would suspend selling medium and high-grade ore in July due to significant falls in ferronickel prices. Other mines in the country also mulled over production or supply cuts.

This, however, is not expected to help support ore prices, SMM says, considering the loss across the NPI sector.

FOB prices for Ni 1.5% ore may slip from $29 to $25-27 per wet tonne, SMM expects.

Last week, most ore suppliers watched from the sidelines, with offers firm.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

nickel ore prices nickel ore Philippine nickel ore

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

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 hours ago

Post-Holiday Aluminum Inventory Buildup Pace Slows; Inventory Inflection Point Is Expected in Late March [SMM Analysis]

After the Chinese New Year holiday, China’s aluminum market continued to see an inventory buildup, with social inventory rising लगातार and repeatedly hitting highs for recent years. However, as the traditional peak consumption season gradually got underway, downstream pickup enthusiasm rebounded, pressure from aluminum ingot backlogs eased significantly, and the pace of inventory buildup has already shown signs of slowing...

8 hours ago

14 hours ago

Middle East Trade Chain for Aluminum Foil Disrupted by Geopolitical Conflicts, Down 0.74% YoY in Jan-Feb [SMM Analysis]

[SMM Analysis: China’s Aluminum Foil Exports Edged Down 0.74% YoY in January-February, Geopolitical Conflicts Disrupted the Middle East Trade Chain] According to customs data, China’s total aluminum foil exports in January-February 2026 (tariff codes 76071110, 76071120, 76071190, 76071900, 76072000) reached 214,800 mt, down 0.74% YoY from 2025, of which exports were 121,100 mt in January, up 2% YoY, and 93,700 mt in February, down 4% YoY.

14 hours ago

15 hours ago

Aluminum Plate/Sheet and Strip Exports Face Dual Pressure Despite 16.6% YoY Growth in Jan-Feb [SMM Analysis]

[SMM Analysis: Aluminum Plate/Sheet and Strip Exports up 16.6% YoY in January-February, to Face Dual Pressure] According to customs data, China’s total exports of aluminum plate/sheet and strip reached 509,300 mt in January-February 2026, up 16.65% YoY from 2025. Of this, exports were 278,500 mt in January, up 16% YoY, and 230,800 mt in February, up 17% YoY.

15 hours ago