Nickel Ore Prices to Advance on Supply Shortages, SMM Expects

Published: Nov 22, 2016 16:10

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Nickel ore prices are expected to advance in the short term, Shanghai Metals Market foresees.

SHANGHAI, Nov. 22 (SMM) – Nickel ore prices are expected to advance in the short term, Shanghai Metals Market foresees.

“Supply in nickel ore market is tightening with the monsoon season in Surigao, the Philippines, while buying demand remains in place,” SMM nickel analyst explains.

Nickel Ore Inventories Fall 370,000 Wmt at Seven Major Chinese Ports

CIF offers for Ni 1.5% ore are now up to $ 47-48 per tonne, SMM learns.

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