Chinese nickel ore price holds firm on tight supply, expected shipping disruptions

The price of nickel ore in China was unchanged in the week to Friday October 23, supported by an already tight market and concerns of disrupted supply from the Philippines due to the latter’s upcoming rainy season, market sources told Fastmarkets.

Fastmarkets assessed the price of laterite ore with 1.5% Ni content, cif China, at $73-75 per tonne on Friday, unchanged from a week earlier and at its highest since Fastmarkets began tracking the market in February 2016.

Tight supply of nickel ore in China and fears of disrupted flows of Philippine material were said to be the main factors keeping the Chinese nickel ore price elevated...

Published

Sally Zhang

October 26, 2020

09:31 GMT

Shanghai