What’s Price Outlook for Nickel Ore? SMM Reports

Published: Jul 10, 2017 13:34

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Last week, medium and high-grade nickel ore price, both for spot and future delivery, held largely stable, tracking steady movements in the high-grade NPI market.

SHANGHAI, Jul. 10 (SMM) – Last week, medium and high-grade nickel ore price, both for spot and future delivery, held largely stable, tracking steady movements in the high-grade NPI market.

Last week, Indonesian government allowed PT Ceria Nugraha Indotama to export nickel ore, the third company getting the approval. In the Philippines, the new environment minister announced to lift a limit on issuing environmental permits to projects, including mine exploration and development.

China Nickel Ore Inventories Edge up, and Indonesia Approves New Ore Exporter, SMM Reports

What's price outlook for nickel ore this week?

"The nickel ore market will hardly rise sharply due to the decline in LME nickel market and the lack of rising strength in the high-grade NPI market," SMM nickel analyst says.

According to SMM data, nickel ore inventories at seven major Chinese ports increased slightly in the week ending June 30.

LME Nickel to Fall below $9,000/t after Latest Philippine News, SMM Foresees

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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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