SHANGHAI, Nov.23 (SMM)－SMM learned that due to sufficient supply of nickel ore, price of Philippines nickel ore drops recently. Currently Ni1.5% medium-grade nickel ore offers at $33-34 per wet ton for CIF, dropping $3.5 compared with early this month. As per reflection of many domestic plants, they are not eager to purchase nickel ore with fluctuated nickel price and sufficient stock now.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.