Philippine nickel ore prices came under pressure. Market feedback indicated that traders intended to push prices down to US $33/wmt. Philippine 1.3% grade nickel ore CIF Lianyungang was quoted at US $49/wmt, unchanged from the previous period. On the Indonesian domestic ore front, the benchmark price (HPM) for Ni:1.4% Mc35% stood at US $56.58/wmt, with market prices around US $59/wmt. Domestic premiums had approached the floor in Indonesia.Yesterday, SHFE nickel continued to trade in a narrow range at low levels, with a cautious trading atmosphere. After spot prices edged slightly higher, downstream purchasing interest weakened again. Earlier dip-buying restocking demand had largely been released, and merchants faced sluggish sales, with overall trading activity flat. Expectations of Federal Reserve rate hikes had cooled somewhat, and a weaker US dollar provided some room for metal valuations to recover.