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However, NPI (10-15%) showed a weak performance, with the price down to RMB 960-980/mtu. Sources report that the orders received by NPI (10-15%) producers were good, and the demand remained stable. The producers said low price for NPI (10-15%) was due to falling nickel price and low purchase price at steel mills.
Recently, sea freight charges increased. Currently, the spot price of nickel ore recorded no significant rise, and CBI will pay more attention to the nicle ore price in the near future.
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