The nickel ore market was characterized by a strong wait-and-see sentiment, and the price of nickel ore remained stable. In the Philippines, mines mainly fulfilled previous orders for shipment, and the efficiency of nickel ore loading and shipment was relatively high. The weak performance of NPI prices downstream affected the profits of mills, and most manufacturers were cautious about purchasing nickel ore.Yesterday, SHFE nickel prices experienced a slight pullback. Spot trading of refined nickel was generally muted, with premiums and discounts for most brands adjusted downward as traders switched their pricing contracts. Jinchuan supplies remained tight in the market; high proportions of direct deliveries from the producer left traders with limited inventories, keeping its premiums elevated.