Nickel Ore Traders Raise Price on Higher Sea Freight Charges, SMM Reports

Published: Oct 18, 2017 09:28

Save

Some nickel ore traders raised the price up to $ 58 per tonne for Ni 1.8% ore with sea freight charges rising, Shanghai Metals Market learns.

SHANGHAI, Oct. 18 (SMM) – Some nickel ore traders raised the price up to $ 58 per tonne for Ni 1.8% ore with sea freight charges rising, Shanghai Metals Market learns.

No deals were heard at the price mark due to sufficient supply and narrower profit at NPI producers.

Some NPI producers said the price at $56 per tonne would be acceptable.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

nickel ore nickel ore price china nickel ore inventories nickel prices

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Mar 14, 2026 11:07

【SMM Analysis】Weekly Review of Indonesian Nickel Market - Mar 13

Mar 14, 2026 11:07

Mar 14, 2026 10:59

[SMM Analysis]: Slower-than-Expected Progress in RKAB Approvals, Coupled with Disruptions from the Rainy Season in the Philippines and Indonesia, Drove Stronger Premiums Amid Regional Supply Uncertainty

Mar 14, 2026 10:59

Mar 13, 2026 18:07

[SMM Analysis] Weak End-User Demand but Firm Costs, High-Grade NPI Prices Rose Steadily

[SMM Analysis: Weak End-User Demand but Firm Costs, High-Grade NPI Prices Rose Steadily] The average SMM 10-12% high-grade NPI price rose 2.2 yuan/nickel unit WoW to 1,089.9 yuan/nickel unit (ex-factory, tax included), while the average Indonesian NPI FOB index price increased $0.39/nickel unit WoW to $138.93/nickel unit. This week, mainstream steel mills released tender prices, and the market came under brief pressure.

Mar 13, 2026 18:07