The nickel ore market was primarily characterized by a wait-and-see approach, with ore prices operating steadily. In the Philippines, mines mainly focused on fulfilling previously placed orders for shipments, and the efficiency of nickel ore loading and shipping improved. In Indonesia, the trade benchmark price for December (Period I) is expected to fall by $0.52-$0.91/wmt. Regarding trade premiums, the mainstream premium remained at $26/wmt, with the premium range mostly between $25 and $26/wmt. Overall, nickel ore prices are projected to experience some decline.Yesterday, SHFE nickel prices edged higher, although spot trading of refined nickel remained generally muted. Jinchuan resources were relatively tight in the market, leading to a continued rise in spot premiums. For other brands of refined nickel, spot premiums and discounts were mostly stable or experienced minor declines. Some traders began switching their quotation benchmark to the SHFE contract 2601.