Tumbling LME Nickel Shadows China Nickel Ore Market, SMM Says-Shanghai Metals Market

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Tumbling LME Nickel Shadows China Nickel Ore Market, SMM Says

Industry News 11:13:48AM Aug 13, 2015 Source:SMM

SHANGHAI, Aug. 13 (SMM) – Medium and high-grade nickel ore market is overshadowed again by tumbling LME nickel, Shanghai Metals Market reports. 

“The price of medium and high-grade nickel ore held stable Aug. 12, but market sentiment turned pessimism again, a result of sharp losses on the LME nickel,” SMM’s nickel analyst says.  

Suppliers of medium and high-grade ore refused to sell, while some NPI producers looked for cheap resources, according to SMM survey. 

On Aug. 12, the price of Ni 0.9-1.0% ore was 145-165 yuan, 200-305 yuan for Ni 1.4-1.6%, and 455-520 yuan for Ni 1.8-1.9% ore, according to SMM data. 

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

Key Words:  ni ore  nickel ore  nickel ore prices 

Tumbling LME Nickel Shadows China Nickel Ore Market, SMM Says

Industry News 11:13:48AM Aug 13, 2015 Source:SMM

SHANGHAI, Aug. 13 (SMM) – Medium and high-grade nickel ore market is overshadowed again by tumbling LME nickel, Shanghai Metals Market reports. 

“The price of medium and high-grade nickel ore held stable Aug. 12, but market sentiment turned pessimism again, a result of sharp losses on the LME nickel,” SMM’s nickel analyst says.  

Suppliers of medium and high-grade ore refused to sell, while some NPI producers looked for cheap resources, according to SMM survey. 

On Aug. 12, the price of Ni 0.9-1.0% ore was 145-165 yuan, 200-305 yuan for Ni 1.4-1.6%, and 455-520 yuan for Ni 1.8-1.9% ore, according to SMM data. 

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

Key Words:  ni ore  nickel ore  nickel ore prices