China Nickel Ore Inventories Keep Growing, SMM Reports

SHANGHAI, May 22 (SMM) – Nickel ore inventories at seven major Chinese ports kept growing in the week ending May 19, Shanghai Metals Market data showed. 

Inventories at the seven ports grew after falling two weeks ago, up 120,000 last week, according to SMM data. 

How Much Further Can Nickel Ore Fall? SMM Reports

Last week, prices of medium and high-grade nickel ore, both for spot and future delivery, kept falling, as continuous declines in high-grade NPI market and big losses at SMEs plants weakened ore demand.  

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