Recently, new nickel ore tenders were about to be finalized, with prices holding steady. In the Philippines, tenders were issued for Eramen 1.4% nickel ore in the north and Benguet 1.25% nickel ore. Downstream nickel pig iron (NPI) prices declined, leading NPI plants to adopt a largely wait-and-see approach toward raw material ore procurement. In Indonesia, the November (Period II) benchmark prices decreased by $0.12-0.2/wmt. The mainstream premium remained at $26/wmt, generally fluctuating within a range of $25-26/wmt.SHFE nickel prices continued to retreat yesterday. Downstream enterprises showed relatively high purchasing enthusiasm at the lower price levels. Spot premiums for most brands of refined nickel increased. Amid the higher premiums, traders without inventory procured cautiously, while those holding stocks also adopted a wait-and-see attitude, anticipating further price increases. As nickel prices continued to weaken, some producers began supporting prices or suspending s