Specifically, the price of 1.2% nickel ore ranges from US$22 to US$25 per dry ton, with an average price of US$23.5. Compared with the previous month, the price range has moved upward, showing a positive trend in the nickel ore market. Similarly, the price of 1.6% nickel ore also showed an upward trend, with a price range of US$44.5 to US$48 per dry ton, and an average price of US$46.25, an increase of nearly US$1.75 from the average price last month.

Unlike the rise in nickel ore prices, the price of nickel pig iron has fallen. According to INPI data, the price of nickel pig iron is US$114.6 per dry ton, compared with as high as US$133 per dry ton in the previous release. This change may reflect changes in market supply and demand, adjustments in production costs or the impact of the global economic environment.

The rise in nickel ore prices may be affected by multiple factors. On the one hand, with the rapid development of the global new energy vehicle industry, the demand for key raw materials such as nickel continues to increase, driving up the price of nickel ore. On the other hand, as one of the major producers of nickel ore, Indonesia's export policy adjustments may also have an impact on nickel ore prices. In addition, factors such as rising production costs and improved environmental protection requirements may also push up nickel ore prices.

The fall in nickel pig iron prices may be related to a variety of factors. On the one hand, the increase in nickel ore supply may have eased market tensions over nickel resources, leading to a decline in nickel pig iron prices. On the other hand, advances in smelting technology and cost reductions may also make the production of nickel pig iron more efficient and economical, thereby lowering its market price. In addition, changes in the global economic environment and fluctuations in demand may also have an impact on nickel pig iron prices.