Trading activity in the nickel ore market was relatively active yesterday, with prices remaining stable. Downstream nickel pig iron (NPI) producers, however, largely maintained a wait-and-see approach toward 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 decline yesterday, though spot trading of refined nickel was relatively active overall. The fundamental outlook for nickel remained weak, with inventories continuing to accumulate both in China and overseas. Combined with macroeconomic factors, market sentiment leaned pessimistic. In this environment, downstream enterprises remained active in seeking bargains, purchasing on price dips. Premiums and discounts for various brands of refined nickel were generally steady to slightly higher.