China’s nickel ore, pig iron prices to rise further in near term: Macquarie

Posted on February 12, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Prices of nickel ore and nickel pig iron in China are set to rise further in coming weeks, Macquarie Commodities Research forecast Tuesday in a report. Both markets have seen prices increase since the week-long Lunar New Year holiday in China ended last Thursday, based on data from Chinese metals research firm Shanghai Metals Market, Macquarie said in the report.

SMM put the prevailing price of 1.8-1.9% Ni ore at Yuan 415/mt ($68/mt), up Yuan 10/mt from before the holiday, Macquarie said.

Read more at: http://www.platts.com/latest-news/metals/singapore/chinas-nickel-ore-pig-iron-prices-to-rise-further-27919992