Philippine medium-to-high grade ore prices continued their downward trend. CIF offers for 1.3% grade stood at US $49/wmt, down about US $1/wmt during the week. Indonesian domestic ore prices fell by about US $5/wmt in July, and a 7.6% decline in the HMA reference price further weighed on ore prices.

Indonesia has taken the first concrete step toward centralizing its strategic mineral exports by rewriting the definition of ferronickel. The new regulation, which took effect on June 1, tightens controls on products that global markets had traditionally defined as ferronickel and nickel pig iron (N

Indonesia's Ministry of Finance issued Decree No. 32/MK/BC/2026 on May 31, imposing restrictions on the export of strategic natural resource commodities under the ferroalloy category (HS Code 7202). The decree took effect on June 1, 2026. Under the new rules, products classified under HS Code Ex.720

Major stainless mills in Taiwan have decided to roll over their list prices for local sales in July to monitor market changes, given lackluster demand from end-users, Mysteel Global learned.

On June 29, 2026, the Shanghai Futures Exchange (SHFE) issued an announcement approving the registration of the "HUAYOU" brand electrolytic nickel (electro-winning process, Ni99.96) produced by Quzhou Huayou Cobalt New Material Co., Ltd. for Phase III, with a registered production capacity of 50,000