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Flash: Indonesian nickel ore price up on higher freights
Supramax freight rates from Indonesia to China’s Lianyungang port have risen to $12-12.5/wmt this week, SMM learned.
SHANGHAI, Feb 27 (SMM) – Supramax freight rates from Indonesia to China’s Lianyungang port rose to $12-12.5/wmt this week, SMM learned. This caused the cif price of Indonesian 1.65% nickel ore to rise $1-2/wmt to $45-46/wmt today as Chinese nickel pig iron plants resume their procurement.
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