SHANGHAI, Jun. 14 (SMM) – A strong wait-and-see attitude dominated the nickel ore market in May amid bearish sentiment.
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.
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.
For news cooperation, please contact us by email: email@example.com or firstname.lastname@example.org.