The average price for nickel ore negotiations continued to edge higher. In the Philippines, ongoing tensions in the Middle East drove up international oil prices, leading to a sharp rise in ocean freight costs for nickel ore. The Philippines relies heavily on the Middle East for its oil imports; rising oil prices directly increased fuel costs for mining operations and transportation, which in turn affected FOB nickel ore offers and freight rates. In Indonesia, approvals for RKAB nickel ore quotas remained slow and kept domestic market premiums strong. Sources also indicated that miners are considering further raising nickel ore premiums next month.Trading activity in the refined nickel market remained subdued overall, with ample spot supply. Traders showed a strong willingness to sell, with some holding stocks maintaining relatively low premium quotes to free up capital, though actual transaction volumes were limited.