Nickel Ore Inventories at Chinese Ports Dip 425,000 wmt WoW

SHANGHAI, Feb 24 (SMM) - As of February 24, the nickel ore inventories at Chinese ports dropped 425,000 wmt from a week earlier to 7.18 million wmt. The total Ni content stood at 56,400 mt. The port inventory across seven major Chinese ports stood at 3.85 million wmt, 375,000 wmt lower than last week. Demand from NPI plants grew somewhat. However, the imports were still hindered by the rainy season in the Philippines. The recent imports have remained low. Port inventory of nickel ore may fall amid the better demand.