Domestic premium quotes in the Indonesian nickel ore market remained robust. Base premium pricing for nickel ore at mainstream Indonesian NPI smelters stood at US $35/wmt, with additional incentive premiums offered by smelters reaching up to US $45/wmt. The tight nickel ore supply situation is expected to persist in the near term.SHFE nickel prices opened lower but rebounded yesterday, with the spot refined nickel market remaining generally stable and trading sentiment showing slight improvement. Average transaction premiums/discounts for various refined nickel brands mostly moved higher. Spot premiums/discounts for Jinchuan nickel resources remained elevated, primarily supported by its ex-factory price. Downstream enterprises continued to procure based on immediate needs; overall trading activity was slightly warmer compared to previous days, though large-scale restocking has not yet materialized.