Medium and High-grade Nickel Ore Remain in Downward Pressure in June, SMM Says

Published: Jun 14, 2017 10:09

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A strong wait-and-see attitude dominated the nickel ore market in May amid bearish sentiment.

SHANGHAI, Jun. 14 (SMM) – A strong wait-and-see attitude dominated the nickel ore market in May amid bearish sentiment.

Will Indonesia Replace China as Top NPI Producer? SMM Reports

The lack of buying interest depressed market trading. Medium and large ore traders mostly engaged in finishing previously-signed orders, while small ones chose to stand on the sidelines due to no competition advantages.

China Sees Continuous Increases in Nickel Ore Inventories, SMM Reports, with DMCI Mining to Resume Ore Shipments

In early June, prices of medium and high-grade nickel ore for future delivery weakened further with FOB prices showing signs of falling, and price declines of low-grade ore were small given the already slim profits.

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nickel prices nickel ore prices china nickel ore inventories

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