Trading activity in the nickel ore market remained subdued yesterday. In the Philippines, while some ports have resumed operations, loading and shipment efficiency experienced delays. From Indonesia, the November (Period II) benchmark prices are anticipated to see another reduction of $0.12-0.2/wmt. Regarding premiums, the mainstream level held steady at $26/wmt, generally fluctuating within a $25-27/wmt range.SHFE nickel prices weakened yesterday. However, as downstream rigid demand was largely fulfilled last week, and market caution intensified after prices fell below the Yuan 120,000/t, spot trading for refined nickel remained relatively muted. Premiums/discounts for all brands were generally stable. With older Jinchuan stock designated for domestic sales being gradually absorbed, the spot premium for Jinchuan cathode nickel showed a notable increase yesterday.