SHANGHAI, Mar. 25 (SMM) – Trading in the medium-grade nickel ore market for future delivery is expected to pick up, Shanghai Metals Market foresees.
One or two furnaces are expected to come back on stream in April or May, SMM survey finds, and this will increase trading activities for medium-grade ore for future delivery.
Recently, one ship of Philippine nickel ore (Ni 1.45%, Fe 15-20%, water content 36%) was traded at CIF prices of $18.5 per wmt at one North-China port, SMM learned.
According to SMM data, prices of low-grade nickel ore are rising in China’s domestic spot market.
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