Nickel ore inventories at Chinese ports extend decline

SHANGHAI, Jan 18 (SMM) – Nickel ore inventories across all Chinese ports shrank 320,000 wmt from a week ago to stand at 12.91 million wmt as of Friday January 18, SMM data showed.
In metal content, stocks declined 2,700 mt for the same week and came in at some 108,000 mt.
Stocks across seven major Chinese ports, however, increased by 60,000 wmt to 10.3 million wmt.