Nickel ore inventories at Chinese ports extend decline

Published: Jan 11, 2019 16:58
Nickel ore inventories across all Chinese ports shrank 390,000 wmt to stand at 13.22 million wmt as of Friday Jan 11

SHANGHAI, Jan 11 (SMM) – Nickel ore inventories across all Chinese ports shrank 390,000 wmt from a week ago to stand at 13.22 million wmt as of Friday January 11, SMM data showed.

In metal content, stocks declined 3,300 mt for the same week and came in at some 110,000 mt.

Stocks across seven major Chinese ports decreased by 320,000 wmt to 10.24 million wmt.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
【SMM Analysis】Weekly Review of Indonesian Nickel Market - Apr 30
17 hours ago
【SMM Analysis】Weekly Review of Indonesian Nickel Market - Apr 30
Read More
【SMM Analysis】Weekly Review of Indonesian Nickel Market - Apr 30
【SMM Analysis】Weekly Review of Indonesian Nickel Market - Apr 30
17 hours ago
[SMM Nickel Market Flash] World Bank Says Indonesia’s New Nickel Capacity May Be Curbed by Tight Ore Supply
18 hours ago
[SMM Nickel Market Flash] World Bank Says Indonesia’s New Nickel Capacity May Be Curbed by Tight Ore Supply
Read More
[SMM Nickel Market Flash] World Bank Says Indonesia’s New Nickel Capacity May Be Curbed by Tight Ore Supply
[SMM Nickel Market Flash] World Bank Says Indonesia’s New Nickel Capacity May Be Curbed by Tight Ore Supply
According to the World Bank’s April 2026 Commodity Markets Outlook, global refined nickel production is expected to increase modestly in 2026 and 2027 as new processing capacity comes online in Indonesia. However, the report warned that tighter upstream ore availability is likely to constrain capacity utilization. This suggests future growth in Indonesia’s nickel supply may depend increasingly on ore availability rather than nominal processing capacity alone.
18 hours ago
[SMM Nickel Market Flash] World Bank Sees Nickel Prices Rising 12% in 2026 on Tight Supply
18 hours ago
[SMM Nickel Market Flash] World Bank Sees Nickel Prices Rising 12% in 2026 on Tight Supply
Read More
[SMM Nickel Market Flash] World Bank Sees Nickel Prices Rising 12% in 2026 on Tight Supply
[SMM Nickel Market Flash] World Bank Sees Nickel Prices Rising 12% in 2026 on Tight Supply
According to the World Bank’s April 2026 Commodity Markets Outlook, nickel prices are projected to rise 12% year on year in 2026 and a further 3% in 2027, as global consumption growth is expected to outpace supply expansion. The report said that although new nickel processing capacity will continue to come online in Indonesia, tighter upstream ore availability is likely to constrain utilization rates and keep the market tight. It also noted that further disruptions to sulfur exports from Middle East producers could become an additional upside risk for nickel prices.
18 hours ago