Nickel ore prices close to all-time high; cargo liquefaction worries market

The price of nickel ore narrowed upward amid limited supply in the week to Friday July 26 amid bad weather and increasing Covid-19 infections in southeast Asia, while the cargo liquefaction of nickel ores also concerned sources, Fastmarkets learned.

Fastmarkets’ latest assessment for the price of laterite ore with 1.5% Ni content, cif China was $78-80 per tonne on Friday July 23, up by $3 (1.0%) from $75-80 one week ago.
Fastmarkets’ assessment for laterite ore with 1.8% Ni content, 15-20% Fe, water content 30-35% Si:Mg ratio<2, cif China was $100-105 per tonne on Friday July 23, up by $2 (1.9%) from $98-105 the previous week.

The 1.5% Ni content nickel ore price is almost back to its all-time high of $78-80 per tonne, which previously appeared on Feb 26,...

Published

Yingchi Yang

July 26, 2021

10:56 GMT

Shanghai