Feb 20 (LTIT) - Nickel ores with 1.8% of Ni content mostly traded at $51.5-52/wmt in China so far this week, barely changed from levels seen before the Lunar New Year holidays. This was despite higher offers by traders, at $53/wmt. SMM learned that a nickel pig iron plant in east China would suspend purchasing nickel ore for a month due to high inventories that were stockpiled for new capacity. The plant is expected to resume its nickel ore procurement in the middle of March. |
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