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Print[Ferro-Alloys.com]This week both the futures and spot price of low-grade Ni ores price of Philippines stayed standard while the transaction was not well for poor demand. Futures prices of the low grade nickel ores were as follows, nickel ore with Fe50% water33% at USD31-33/wet mt FOB; Fe49% and water 33% at USD30-31/wet mt FOB; Fe48% and water 33% at USD29-31/wet mt FOB. On Chinese spot market, the above materials were respectively at RMB350-360/wet mt, RMB340-350/wet mt and RMB320-340/wet mt.
In recent week the high-grade Ni ores spot price rose by RMB10/wmt as Nickel ore spot with Ni 1.6% at RMB600-620/wet mt, Ni1.7% at RMB660-690/wet mt, Ni1.8% at RMB770-780/wet mt, Ni1.9% at RMB820-830/wet mt, Ni2.0% at RMB870-880/wet mt. Meanwhile, the high grade nickel ore from Philippine was stable with Ni1.7% at USD88/wet mt FOB and Ni 1.8% at USD97/wet mt FOB.
In inquiries for medium-grade Ni ores recovered a little and the traders were reluctant to sell now for the high import cost and better market prediction. For high-grade Ni ores, even though the traders tried to improve the price, the buyers did not show following attitude for the weaker FeNi market condition.
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- [Editor:Juan]
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