Benchmark Prices of Indonesian Nickel Ore Are Estimated to Fall by 2.81% MoM in November

SHANGHAI, Nov 1 (SMM) – Indonesia Department of Energy and Mineral Resources released the benchmark price forecast of Indonesian nickel ore in November.

The FOB prices are estimated to stand at $40.59/wmt for the Ni 1.7% nickel ore, $45.37/wmt for the Ni 1.8% nickel ore, $50.41/wmt for the Ni 1.9% nickel ore, and $55.72/wmt for the Ni 2.0% nickel ore. The benchmark prices dropped by 2.81% from that in October as the nickel prices fell.