Nickel ore inventories at Chinese ports fell 260,000 wmt in the first week after CNY holiday

SHANGHAI, Feb 7 (SMM) – Nickel ore inventories across all Chinese ports decreased 260,000 wmt from Monday February 3 to 14.17 million wmt as of Friday February 7, showed SMM data.

In metal content, the stocks fell 2,200 mt during the same period to 120,600 mt.

SMM data also showed that nickel ore stocks across seven major Chinese ports decreased 19,000 wmt to 11.33 million wmt.