Yesterday, the nickel ore market sentiment generally adjusted upward in terms of price expectations, but the supply and demand imbalance is unlikely to change in the short term, and no transactions were concluded. The rainy season in the Surigao region of the Philippines has not yet ended, and some mines have begun planning for future shipments, although overall price quotes remain high. In the refined nickel market, spot premiums for various brands showed slight adjustments. Although the oversupply situation for refined nickel persists, the LME delivery process can quickly absorb surplus capacity, making a significant downward break in nickel prices unlikely in the short term. Prices are expected to continue fluctuating within a range.