In the Philippines, nickel ore mine offers remained firm, with no new public tender announcements. In Indonesia, the Ministry of Energy and Mineral Resources (ESDM) set a 2026 nickel ore production target of 209 million tonnes, primarily for calculating royalty revenues rather than establishing new production quotas, and thus does not affect current RKAB implementation. According to Mysteel surveys, a transaction for Ni:1.5% grade nickel ore was concluded yesterday with a premium of US $39/wmt and a CIF price of approximately US $62/wmt. The supply gap resulting from tightened RKAB quota approvals in Indonesia continued to intensify, with available spot resources in the domestic market remaining tight.SHFE nickel prices experienced a sharp decline yesterday, with overall market trading remaining subdued. Downstream enterprises primarily procured based on immediate needs; while inquiry activity showed some recovery, actual transactions remained scarce.