SHANGHAI, Nov.27 (SMM)-As per SMM research, recently one south plant has purchased a vessel of Indonesian Ni1.65% nickel ore at CIF $41 per wet ton, dropping $5 by 11% compared with early this month. Despite such low price, plants keep bearish at nickel price with less willingness to purchase.
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![[SMM Nickel News]](https://imgqn.smm.cn/usercenter/Btmsv20251217171733.jpg)
![[SMM Nickel Midday Review] Nickel prices surged significantly again on February 25, breaking through 140,000 yuan/mt, and are expected to hold up well in the short term.](https://imgqn.smm.cn/usercenter/VstiG20251217171732.jpeg)