SHANGHAI, Jun 29 (SMM) - The average cif price of 1.5% nickel ore stood at $69/wmt last Friday, an increase of $5/wmt from a week earlier.
Quotes rose amid scarce available cargoes. As of Friday, cif quotes for 1.5% nickel ore stood at $73/wmt, and are likely to move higher. Traded prices at major big manufacturers stood at $66-68/wmt.
Quotes for high-grade NPI rose significantly. Expectations of higher NPI profits bolstered ore prices. The recent domestic NPI production schedules are high and many production lines were added or resumed, growing demand for raw materials to the peak of the year. Although the supply side has increased significantly in recent months, demand for stockpiling is also large. Prices of ore will have ability to rise further. Cif quotes for 1.5% ore are expected to stand at $69-73/wmt.

Shipping rates from the Philippines to China on June 25 stood at $21.75-22.05/wmt (the Philippines to southern Chinese ports-the Philippines to northern Chinese ports), flat from a week earlier. Stranded ships at some domestic ports like Guangxi will keep shipping rates from falling from high levels in the short term.

![[SMM Nickel Midday Review] Nickel prices continued to fall before the holiday on September 29, as US Treasury yields breaking 5.2% continued to pressure nonferrous metals](https://imgqn.smm.cn/usercenter/WNjzM20251217171732.jpeg)
![[SMM Tin nhanh thị trường niken] Nhà máy thép không gỉ lớn mua hơn 10.000 tấn NPI với giá 1.040 nhân dân tệ/mtu đã giao hàng](https://imgqn.smm.cn/usercenter/VstiG20251217171732.jpeg)
![[SMM Tóm tắt cuộc họp buổi sáng về niken] Lợi suất trái phiếu Mỹ tăng làm gia tăng áp lực vĩ mô, hợp đồng niken SHFE được giao dịch nhiều nhất mở cửa thấp hơn và có xu hướng giảm trong phiên giao dịch đầu ngày](https://imgqn.smm.cn/usercenter/WYeHX20251217171733.jpg)
