SHANGHAI, Apr 14 (SMM) - As of April 14, port inventories of nickel ore in China stood at 6.55 million wmt, up 315,000 wmt WoW. The total Ni content was 51,000 mt. The port inventory across seven major Chinese ports totalled 3.27 million wmt, 185,000 wmt higher than last week. Nickel ore prices stood stable this week. NPI prices edged higher to 1,052yuan/mtu, but the NPI plants still held a wait-and-see sentiment, hence the nickel ore transactions were poor. SMM believes that the nickel ore inventory at Chinese ports will rise in the near future.
