Terms & Conditions | Privacy Policy | Mysteel.com
Events
About Us
  • Home
  • /
  • Market Insights
  • /
  • Analysis
  • /
  • Article

Nickel Daily: Philippine nickel ore FOB and CIF prices hold steady this week

Source: Mysteel Jun 04, 2026 09:06
Share this with
X linkedin WeChat Copy this link
Nickel Demand Price Supply
This week, Philippine nickel ore FOB and CIF prices held steady. FOB offers for 1.3% grade stood at US $34-38/wmt. On the Indonesian domestic ore front, prices for 1.4% grade remained at high levels of US $64-66/wmt, and although they had softened slightly, the decline was limited.Nickel pig iron inventories at Chinese ports had notably drawn down, reducing market available resources. In the near term, NPI prices were unlikely to fall, providing some support to market sentiment. On the demand side, stainless steel prices traded in a range, and end-demand had not yet shown significant volume. The steel mill procurement cycle was approaching, and new purchasing developments needed to be watched in the near term. In addition, scrap stainless steel offered better cost efficiency, enhancing its substitution effect for high-grade NPI. Currently, the nickel equivalent price of scrap stainless steel was approximately Yuan 1,098/mtu.

0604

You May Also Like
  • Nickel Daily: SHFE nickel prices trade in a range with an upward bias, with trading activity remaining subdued

    Jun 03, 2026 09:09

  • Nickel Daily: Nickel ore FOB and CIF prices in the Philippines show a weak and stable trend

    Jun 02, 2026 09:14

  • China Nickel Market Review Weekly 20260601

    Jun 01, 2026 09:23

  • Nickel Daily: Social inventories of refined nickel in China continue to accumulate, keeping spot pressure high

    Jun 01, 2026 09:07

  • Nickel Daily: SHFE nickel prices edge down slightly, while spot trading for refined nickel remain generally subdued

    May 29, 2026 09:01

Price Curve
Daily Prices
  • Nickel sulfate prices: China

    Jun 04, 2026 11:25

  • Ferronickel seaborne cargo prices: China

    Jun 04, 2026 11:18

  • MHP seaborne cargo prices: CIF China

    Jun 04, 2026 11:10

  • Nickel ore freight rates to China

    Jun 04, 2026 11:07

  • Nickel ore portside prices: Lanshan port

    Jun 04, 2026 10:55

Terms & Conditions Privacy Policy Contact Us Mysteel.com
©2026 Mysteel Global Pte Ltd. All rights reserved. ICP BeiAn No. 沪ICP备15006920号-6
Mysteel Global WhatsApp business account
Customer Service: globalsales@mysteel.com