China Nickel Ore Prices to Hold Stable amid Thin Trading, SMM Predicts

Published: Apr 01, 2017 11:13 (GMT+8)

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Prices for medium and high-grade nickel ore in China’s domestic market are expected to hold largely stable in the coming week, Shanghai Metals Market foresees.

SHANGHAI, Apr. 1 (SMM) – Prices for medium and high-grade nickel ore in China’s domestic market are expected to hold largely stable in the coming week, Shanghai Metals Market foresees.

Over this past week, traders held offers firm as supply of medium and high-grade nickel ore remained tight, but trading sentiment was poor due to big price difference between sell and buyer.

China Nickel Ore Port Inventories Keep Falling, and SMM Revises Down Indonesian Nickel Ore Exports in 2017

At present, domestic high-grade NPI producers are facing tough conditions, weakening their acceptance to high-priced ore.

Supply of medium and high-grade nickel ore is expected to remain tight, and such conditions are not expected to improve in the short term despite after the end of monsoon season in Surigao, the Philippines.

In the low-grade ore market, prices were also largely unchanged, as demand showed no improvement.

SMM expects China’s nickel ore prices to remain stable in the coming week.

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

nickel prices nickel ore prices china nickel ore inventories

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.

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