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Nickel Daily: The nickel ore market sees occasional inquiries, but no transactions are concluded

Source: Mysteel Dec 10, 2025 08:55
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Nickel Demand Price Supply
Yesterday, the nickel ore market saw occasional inquiries, but no transactions were concluded, with ore prices remaining stable. In the Philippines, mines primarily focused on fulfilling previously placed orders. Downstream nickel pig iron (NPI) prices experienced a slight pullback, prompting domestic plants to seek restocking before the upcoming new year.SHFE nickel futures prices trended weaker yesterday, while spot trading of refined nickel remained subdued overall. Spot premiums and discounts for various refined nickel brands were largely stable, though the transaction focus for resources from Huayou and Bofeng edged slightly lower. In the near term, nickel prices are expected to be sensitive to macro news.

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