The price of low-nickel high-tech nickel ore has risen sharply

This week, the downstream factory demand is strong, the low nickel high-speed rail nickel ore inquiry is positive, driven by the tight market tradable supply and the rising cost of imports, the price of domestic low-nickel high-speed rail nickel ore has risen sharply, and the market is difficult to find.

On the supply side, due to the approaching rainy season in the Philippines, nickel mines in the Surigao area are cautious about the follow-up ship plan, and some nickel mines have no new installation period for sale. At this time, there are still ship plans for nickel mines to increase the selling price of nickel ore, a new round of low-nickel high-speed rail nickel ore FOB transaction price increased, NI: 0.8%, FE: 49%, AL ≤ 5.5% grade transaction price of 28FOB US dollars / wet ton, compared with the previous round of transaction price increased by 3 US dollars / wet ton.

After entering October, the rainfall in the Surigao area will increase, and the loading time of nickel ore will be extended according to the practice in previous years, at this time, the cost of shipping is relatively uncontrollable, and the import cost of nickel ore will increase accordingly; Due to the risk consideration, some suppliers will appropriately increase the premium when selling nickel mines. The rise in the sale price of the FOB of the nickel mine in the current round of shipping superimposed has promoted the rapid rise in the price of domestic low-nickel mine CIF.

The National Day holiday is approaching, a small number of suppliers who still hold the source of goods began to hold a wait-and-see attitude, the willingness to sell is low, and it is expected that the low-nickel high-speed rail nickel mine will have better performance after the National Day holiday. From the perspective of current market supply and demand and import costs, the probability of low-nickel high-speed rail nickel ore will continue to rise, but due to the limited supply of follow-up markets, the market is dominated by sporadic transactions.

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