【SMM Flash Report】April 22 – According to the quotations on April 18, the price range for Indonesian domestic trade laterite nickel ore with 1.5% grade (FOB) was USD 31.5–34.5/wet ton, with an average price of USD 33/wet ton. The price range for Indonesian domestic trade laterite nickel ore with 1.6% grade (delivered to plant) was USD 43–44/wet ton, with an average price of USD 43.5/wet ton. Following a significant decline in nickel prices last week, the market is now undergoing a gradual price correction and recovery. The ongoing rainy season in Sulawesi Island continues to tighten the supply side of nickel ore. Many Indonesian mining companies have indicated that it has already obstructed the transportation of nickel ore.