Nickel ore inventories at Chinese ports rose 129,000 wmt to 5.23 million wmt

SHANGHAI, Jul 2 (SMM) — Nickel ore inventories across all Chinese ports increased 129,000 wmt from June 25 to 5.23 million wmt as of July 2, showed SMM data.

In Ni content, the stocks stood at 41,200 mt.

SMM data also showed that nickel ore stocks across seven major Chinese ports increased 19,000 wmt during the same period to 3.42 million wmt.

Nickel ore stocks increased slightly this week, and the shipping schedule delay caused by weather problems in the Philippines gradually recovered. At present, most of the shipping schedules in mid-July are still delayed orders in late June. As the weather gets better in July, the shipment volume will gradually increase and the stocks will continue to pile up.