Higher freight, nickel rally boost prices of nickel ore

Published: Jul 17, 2019 15:19

Save

High-grade nickel ore with Ni 1.8% was traded at $49-50.5/wmt on a cif basis this week, up some $0.5/wmt from last week

SHANGHAI, Jul 17 (SMM) – Nickel ore prices received a boost from higher sea freight and the recent rally in nickel prices.

SMM learned that high-grade nickel ore with Ni 1.8% was traded at $49-50.5/wmt on a cif basis this week, up some $0.5/wmt from last week.

Shanghai nickel has climbed for eight consecutive trading days, towards the highest in a year, as of Wednesday July 17.

Sharp gains in nickel prices fuelled morale among Chinese nickel pig iron producers. Greater purchases by NPI producers spurred trades across nickel ore markets, and buoyed prices.

Nickel ore

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

22 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.

22 hours ago

23 hours ago

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

23 hours ago

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

23 hours ago