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China Nickel Market Review Weekly 20260303

Source: Mysteel Mar 03, 2026 09:32
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Nickel Demand Price Supply
Last week, nickel ore prices exhibited a strong trend. The core drivers of this increase were the supply gap resulting from tightened RKAB quotas in Indonesia and cost support from the firm Philippine mine offers. In the Philippines, mine tender prices continued to climb throughout the week amid strong bullish sentiment. Driven by robust demand from Indonesia, CIF prices for Ni:1.4% grade ore shipped from the Philippines to Indonesia rose by US $4-5/wmt during the week to US $67-69/wmt, which provided strong support to overall nickel ore prices. Nickel sulfate market prices saw slight declines following the CNY holiday, yet mainstream transaction levels shifted higher overall. Amid rising nickel prices and insufficient inventories, producers generally raised mainstream offers while actively reducing inflated quotes to better align with actual transaction levels.

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Price Curve
Daily Prices
  • Nickel sulfate prices: China

    Mar 03, 2026 11:12

  • Nickel ore freight rates to China

    Mar 03, 2026 11:01

  • Nickel ore offer prices: FOB Indonesia

    Mar 03, 2026 11:01

  • Nickel EXW prices: Jinchuan Group

    Mar 03, 2026 10:40

  • Nickel prices: Shanghai

    Mar 03, 2026 10:33

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