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Home / Metal News / Indonesia Cuts Base Export Prices of Nickel Ore, Why?

Indonesia Cuts Base Export Prices of Nickel Ore, Why?

Jun 5, 2017 14:36

Source:SMM

Indonesia’s Ministry of Trade said recently in Jakarta that the government will cut the base export prices of mineral products in June due to volatile prices in international market.

SHANGHAI, Jun. 5 (SMM) – Indonesia’s Ministry of Trade said recently in Jakarta that the government will cut the base export prices of mineral products in June due to volatile prices in international market.

The base export prices of 1.7% nickel ore will be cut by 6.83% or $13.35 per wmt.

Why Low-Grade NPI Market Reports Declines both in Price and Trading Volumes? SMM Reports

SMM attributes two factors behind its cut. First, the monthly nickel average price on the LME has been moving lower since the beginning of 2017, with May’s price off 4.94% from April’s. Second, mainstream nickel ore prices in China, key consumer of Indonesian nickel ore, drifted lower with demand weakening.

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The nickel ore inventory at Chinese ports fell 169,000 wmt to 9.18 million wmt as of December 3.

Dec 3, 2021 17:58

Analysis

Nickel Ore Inventories at Chinese Ports Fell 169,000 wmt

Nickel Ore Inventories at Chinese Ports Surged 60,000 wmt

The nickel ore inventory at Chinese ports grew 60,000 wmt from a week earlier to 9.05 million wmt as of November 5. Total Ni content stood at 71,000 mt. Total inventory at the seven major ports stood at around 4.61 million wmt, a drop of 80,000 wmt from a week earlier.

Nov 5, 2021 16:25

Analysis

Nickel Ore Inventories at Chinese Ports Surged 60,000 wmt

China’s Nickel Ore Imports Up 11.4% MoM, the Imports from The Philippine Up 13.4%

Customs data showed that China imported 5.78 million mt (wmt and dmt mixed) of nickel ore in August, up 11.4% month on month and 54.2% year on year.

Sep 23, 2021 11:44

Analysis

China’s Nickel Ore Imports Up 11.4% MoM, the Imports from The Philippine Up 13.4%

Nickel ore inventories at Chinese ports fell 200,000 wmt to 7.88 million wmt

Nickel ore inventories across all Chinese ports declined 200,000 wmt from July 3 to 7.88 million wmt as of July 10, showed SMM data.

Jul 10, 2020 17:12

Analysis

Nickel ore inventories at Chinese ports fell 200,000 wmt to 7.88 million wmt

Indonesia to Export 5-6 Mln tonnes of Nickel Ore to China in 2017, SMM Foresees

In 2017, Indonesia is estimated to export 4.20-5 million tonnes of medium and high-grade nickel ore to China in 2017, based on export schedules and speed at local mines.

Oct 27, 2017 11:49

SMM Insight

Indonesia to Export 5-6 Mln tonnes of Nickel Ore to China in 2017, SMM Foresees

China Total Nickel Ore Inventories Exceed 9 Mln tonnes, SMM Reports

As of September 15, nickel ore inventories at seven major Chinese ports were 7.03 million wet tonnes, up 130,000 wet tonnes on a weekly basis, according to SMM data.

Sep 15, 2017 17:46

SMM Insight

China Total Nickel Ore Inventories Exceed 9 Mln tonnes, SMM Reports

One Nickel Ore Mine in Northwest China Closes on Environmental Factor

One nickel ore mine in Northwest China suspended operations in August due to environmental protection inspections, Shanghai Metals Market learns.

Sep 11, 2017 17:56

SMM Insight

One Nickel Ore Mine in Northwest China Closes on Environmental Factor

Nickel Ore Inventories at Port of Lianyungang Grow, SMM Reports

Nickel ore inventories at the Port of Lianyungang in Jiangsu grew on a weekly basis, Shanghai Metals Market learns.

Sep 8, 2017 11:39

SMM Insight

Nickel Ore Inventories at Port of Lianyungang Grow, SMM Reports

Philippine Lawmakers Seek to Ban Mining in Watershed Areas and Unprocessed Ore Export

News heard on Aug. 25 that Philippine lawmakers have filed a bill seeking to ban mining operations in watershed areas and unprocessed ore exports.

Aug 28, 2017 14:13

Industry

Philippine Lawmakers Seek to Ban Mining in Watershed Areas and Unprocessed Ore Export

Bad Weather Affects Nickel Ore Shipments in Philippines

Bad weather in Surigao, one of major nickel ore producing regions in the Philippines, disrupted ore shipments, Shanghai Metals Market learns.

Aug 22, 2017 17:14

SMM Insight

Bad Weather Affects Nickel Ore Shipments in Philippines

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Indonesia Cuts Base Export Prices of Nickel Ore, Why?

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