The nickel ore market is facing limited ore resources, with prices holding steady for now. In the Philippines, market participants are largely awaiting a new round of tenders from northern mines, with miners maintaining a bullish outlook on prices.SHFE nickel prices continued to rise yesterday. Spot trading for refined nickel was relatively active overall. Jinchuan increased its material releases to the market. However, due to persistent tightness since the fourth quarter, strong downstream demand, and the time required for logistics, short-term spot supply remains constrained. Spot premiums for Jinchuan electrolytic nickel traded around Yuan 10,000/tonne, with some fixed-price transactions also concluded at Yuan 200-300/tonne above the producer's ex-factory price. Prices for other electro-deposited nickel brands were stable to slightly lower. Influenced by the upcoming Spring Festival holiday in February, which delays delivery dates on the Shanghai Futures Exchange (SHFE), some trad