China's nickel ore inventory at ports increased last week

On May 17, China's nickel ore inventory at ports increased by 210,000 wmt WoW to 7.318 million wmt. The metal content totalled 55,874.8 mt. Among them, stocks in China's seven major ports were 3.681 million wmt. Last week, shipments from the Philippines remained active, with over 70 ships heading to China as of last week. With a new round of arrivals this week, nickel ore stocks at ports may continue to rise.