节点：中游（冶炼、中间品）位置：中游情绪：利空参考度：6/10


11月第一周期，印尼镍矿开采协会（APNI）的镍矿参考价（HPM）下跌，降至15,075.33美元/干公吨。此前，2025年10月第二周期的镍矿参考价为15,142.00美元/干公吨。

镍矿按品位不同，价格情况也有差异。对于低品位镍矿，也就是镍含量小于1.7% 的，当镍含量为1.60%...

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