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.

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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.

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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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