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Home / Metal News / Nickel Ore Traders Raise Price on Higher Sea Freight Charges, SMM Reports

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

Oct 18, 2017 09:28

Source: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.

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.

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The nickel ore inventory at Chinese ports dipped 65,000 wmt from a week earlier to 8.59 million wmt as of December 31.

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Analysis

Nickel Ore Inventories at Chinese Ports Fell 65,000 wmt

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China imported 4.01 million mt of nickel ore and its concentrate in November, a decrease of 10% from the previous month and a year-on-year increase of 12%, According to General Administration of Customs.

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Feb 27, 2018 15:56

SMM Comments

Flash: Indonesian nickel ore price up on higher freights

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Nickel ore exports from the Philippines were down 76% in December while those from Indonesia were up over 60%.

Jan 9, 2018 16:12

Analysis

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SMM Insight

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SMM Insight

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Sep 19, 2017 16:57

SMM Insight

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Sep 11, 2017 17:49

Industry

Indonesia Exports 1.40 Mln tonnes of Nickel Ore So Far

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SMM Insight

Philippine Nickel Ore Exports Stay High in August

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