Indonesian Nickel Ore Shipments to Grow in August, and Philippine Nickel Ore to Tighten after President Remarks, SMM Reports

Published: Aug 1, 2017 09:35
Philippine ore shipments are estimated to grow in July and August on a monthly basis, but may drop on a yearly basis due to low sales interest and president’s recent comments, SMM foresees.

SHANGHAI, Jul. 31 (SMM) – Philippine President Rodrigo Duterte Jul. 24 said he wanted to stop exporting mineral resources and might close the mining sector completely and tax miners "to death" if damage to the environment persisted.

"The protection of the environment must be a priority ahead of mining and all other activities that have adverse impact," Duterte said in the State of the Nation address, his second since taking office in June 2016. "This policy is non-negotiable."

China Total Nickel Ore Port Inventories Estimated to Grow, SMM Reports

Regina Lopez, Duterte's first appointment as Environment Secretary, was dismissed in May by the Philippine Congress, but a 10-month crackdown on the industry she led, closed and suspended 26 of 41 mines in the country.

Lopez also imposed a ban on open-pit mining and demanded a bigger government share in mining revenues, but her orders are now under review, according to a senior official of the Mines and Geosciences Bureau.

July and August are a traditionally peak period of ore shipments in the Philippines, but agents and traders of Philippine ore hold back sales due to optimistic outlook, SMM learns. Philippine ore shipments are estimated to grow in July and August on a monthly basis, but may drop on a yearly basis due to low sales interest and president’s recent comments, SMM foresees.

Indonesia Issues New Nickel Ore Export Quota

But, nickel ore shipments from Indonesia are expected to grow in August. PT Ceria Nugraha Indotama, the third being permitted to export nickel ore, is expected to export goods from mid or late August gradually. The company has a total export quota of 2.30 million tonnes.  

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Analysis] The April turn: how Chinese stainless mills came around to higher NPI prices
May 4, 2026 17:02
[SMM Analysis] The April turn: how Chinese stainless mills came around to higher NPI prices
Read More
[SMM Analysis] The April turn: how Chinese stainless mills came around to higher NPI prices
[SMM Analysis] The April turn: how Chinese stainless mills came around to higher NPI prices
Three distinct phases — scrap competition, supply-side cost shocks, and a refined nickel rally — show how pricing power for the world's dominant stainless steel feedstock now sits less in Jakarta than on the LME and SHFE.
May 4, 2026 17:02
【SMM Flash News】Indonesia's HMA Nickel Increased in Early May, Smelters Have Transitioned to New Benchmark System
May 4, 2026 15:09
【SMM Flash News】Indonesia's HMA Nickel Increased in Early May, Smelters Have Transitioned to New Benchmark System
Read More
【SMM Flash News】Indonesia's HMA Nickel Increased in Early May, Smelters Have Transitioned to New Benchmark System
【SMM Flash News】Indonesia's HMA Nickel Increased in Early May, Smelters Have Transitioned to New Benchmark System
Following the revision of Indonesia’s HPM formula to include Iron, Cobalt, and Chromium, SMM expects the pricing impact to vary significantly. According to SMM’s internal assumptions, Saprolite (20% Fe, 1% Cr, 0.05% Co) and Limonite (45% Fe, 2% Cr, 0.10% Co), calculated against the latest HMA benchmarks of $17,802/dmt for Nickel, an increase of 5.13%, $55,854/dmt for Cobalt, $1.56/dmt for Iron, and $6.37/dmt for Chrome. This modeling illustrates the impact of byproduct levels on the new benchmarks. These figures serve as a reference, though actual valuations will vary by mine geography and ore characteristics. • Ni 1.2%: USD 47.82/wmt (↑ $1.76) • Ni 1.3%: USD 52.34/wmt (↑ $1.98) • Ni 1.4%: USD 57.30/wmt (↑ $2.14) • Ni 1.5%: USD 62.28/wmt (↑ $2.38) • Ni 1.6%: USD 67.49/wmt (↑ $2.63)
May 4, 2026 15:09
[SMM Stainless Steel Flash] UK/EU Steel Prices Surge Amid Tariffs; India Grants Relief to SMEs
May 4, 2026 11:34
[SMM Stainless Steel Flash] UK/EU Steel Prices Surge Amid Tariffs; India Grants Relief to SMEs
Read More
[SMM Stainless Steel Flash] UK/EU Steel Prices Surge Amid Tariffs; India Grants Relief to SMEs
[SMM Stainless Steel Flash] UK/EU Steel Prices Surge Amid Tariffs; India Grants Relief to SMEs
The UK plans to impose 50% steel tariffs and a 60% quota cut starting July 2026, potentially driving prices above €1,000/ton, causing the highest in Europe. Similarly, EU steel prices have risen 20% since October 2025, with a 34% total surge expected by mid-2026 due to new safeguards and CBAM. In stark contrast, the Indian Ministry of Steel issued a decree on April 27, 2026, exempting MSMEs from QCO compliance for specific stainless steel imports until October 2026. While Europe faces criticism for strangling its manufacturing backbone with bureaucracy and duties, India is moving to de-bureaucratize and support its smaller industrial players.
May 4, 2026 11:34