[3.10 Morning Meeting] Nickel Ore Prices Fluctuate Amid Seasonal and Market Dynamics

Published: Mar 10, 2025 09:03

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[3.10 Morning Meeting Summary] Last week, the FOB prices of medium- and high-grade nickel ore from the Philippines pulled back after a surge. In the low-Ni, high-Fe ore market, the rainy season in the Philippines is expected to end soon, and mines are gradually offering quotes for March shipments, with current FOB transaction prices slightly easing compared to pre-rainy season levels. For medium- and high-grade nickel ore, influenced by the rising prices of Indonesian ore and the continuous increase in downstream nickel pig iron prices, Philippine mines still show a sentiment to stand firm on quotes.

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