[SMM Analysis: Indonesian Domestic Laterite Nickel Ore Premium Stabilizes After Decline, Philippine Nickel Ore Prices Stand Firm]
Indonesian domestic laterite nickel ore prices stabilize
In Indonesia, the market situation for laterite nickel ore is temporarily stable. Compared to last week, nickel ore premiums are basically flat, with mainstream transaction premiums stable at $17-18 per wmt. Although the market is eagerly anticipating the upcoming monthly benchmark price for Indonesian laterite nickel ore, there remains some uncertainty about whether the RKAB quota for this year can be fully utilized before year-end.
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