[Nickel] Nickel prices drop slightly

Recently, the price of nickel ore slight decline, 1.4% -1.6% of the supply of nickel ore in the Philippines has increased, and the prices have come down last week, 1.4% -1.6% Nickel Price 1430-1450 yuan / wet tons, Doug also commissioned to reach 1,450 yuan / ton wet, but this week, 1.4% -1.6% of the nickel ore Price was 1,400 yuan / wet tons, and 1.8% nickel ore currently only 1,800 yuan Price / wet tons, and is no longer as before, Price 1,900 yuan / wet tons, or even higher Price reached 1,950 yuan / wet tons, Currently 1.2% of nickel ore, a businessmen Price only 800 yuan / wet tons, the businessmen said the prices really low point, But their purpose is to sell as soon as possible.
Businesses reflect, nickel goods to the people or more, but the prices are indeed lower, it is now even as early as 1:00 to put away goods sales, the price of relatively low. According to the analysis, the price reduction is due to nickel ore increased supply reasons, in spite of the rainy and typhoon, However, as traders continued to increase, it makes increasing the supply. Iron and nickel prices in a reasonable reduction of nickel iron manufacturers change the profits of some small, Therefore, the nickel ore raw materials prices are also affected to a certain extent. But above the current market, the nickel ore imbalances between supply and demand, prices have fallen sharply the possibility still zero.