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Home / Metal News / Nickel ore prices to continue drop as supply grows

Nickel ore prices to continue drop as supply grows

iconMar 22, 2018 13:20
Source:SMM
Nickel ore exports from the Philippines are rising as the weather improved from mid-March, an SMM survey showed.

SHANGHAI, Mar 22 (SMM) – SMM expects prices of nickel ore to continue its decline in the short term as supply grows.

Nickel ore exports from the Philippines are rising as the weather improved from mid-March, an SMM survey showed.

High-grade nickel ore with 1.8% Ni traded at $53.5/wmt cif this week, down some $2/wmt from the previous week. 

 

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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