Price forecast of Indonesian medium-grade nickel ore

Published: Dec 11, 2017 15:09

Save

SMM predicts CIF price of Indonesian Ni1.65% medium-grade nickel ore will move at $38-42 per wet ton in December, dropping 11% on monthly basis.

SHANGHAI, Dec.11 (SMM)－SMM predicts CIF price of Indonesian Ni1.65% medium-grade nickel ore will move at $38-42 per wet ton in December, dropping 11% on monthly basis. Despite some inquiries of plants in emergency inventory, few of those are able to accept the price of $40 per wet ton, or even lower. Also many plants are purchasing ore spot at port.

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

nickel Indonesia

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

1 min ago

SMM High-Grade NPI Price Rises to 1,040 Yuan/mtu on Feb 6, Market Sentiment Slightly Down

[SMM Nickel Flash] On February 6, the SMM average price for 10-12% high-grade NPI was 1,040 yuan/mtu (ex-factory, tax included), up 2.5 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 2.06, down 0.04 MoM; the upstream sentiment factor for high-grade NPI was 2.84, down 0.07 MoM; and the downstream sentiment factor for high-grade NPI was 1.28, flat MoM.

1 min ago

23 hours ago

[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.

Affected by macro sentiment, MHP and high-grade nickel matte prices declined this week.

23 hours ago

[SMM Analysis] The market experienced panic selling this week, and nickel prices plummeted.

23 hours ago