Nickel ore prices in China rose to new highs in the week to Friday August 20 amid increasing freight rates while the country's nickel pig iron (NPI) market held steady.
Fastmarkets' latest assessment for laterite ore with 1.5% Ni content, cif China was $85-88 per tonne last Friday, up by $1-3 per tonne (2.4%) from $84-85 per tonne a week earlier.Fastmarkets' assessment for laterite ore with 1.8% Ni content, 15-20% Fe, water content 30-35% Si:Mg ratio<2, cif China was $110-113 per tonne on the same day, up by $2-3 per tonne (2.3%) from $108-110 per tonne a week earlier.
...