Indonesia Nickel Pig Iron Prices Rise 1.38% in August on Supply Constraints

The Indonesian Nickel Pig Iron market demonstrated renewed momentum through the first three weeks of August ****, as supply-side constraints and selective restocking activity pushed assessments higher. According to weekly assessment data, Nickel Pig Iron prices recorded a *.*** uptick by mid-August, following a narrow, choppy trading range that characterized July and early August. The upward move reflected a patchwork of buyers refreshing positions ahead of anticipated pre-festival restocking, alongside logistical repricing across export desks.

Supply dynamics remained a critical factor shaping the Nickel Pig Iron market. The Ministry of Energy and Mineral Resources maintained the base **** nickel ore RKAB mining quota at *** million wet tonnes, though reports indicated that approximately ten nickel companies had received approvals for RKAB revisions, introducing potential supply-side uncertainty. Meanwhile, RKEF smelter utilization rates declined to *** from *** in ****, as ore availability remained constrained. One Sulawesi smelter trimmed utility staffing to...