Nickel Ore Inventories Rise, Philippine Shipments Shift Amid Indonesian Market Dynamics

게시됨: Sep 6, 2024 17:42
On September 6, the nationwide nickel ore inventories at ports continued to accumulate by 120,000 wet tons to 9.172 million wet tons compared with August 30, equivalent to a total of 72,010 metal tons. On the Philippine side, the shipment volume of laterite nickel ore to Indonesia in August still increased slightly. In September, due to the strengthening intention of the Indonesian market to control the grade of high-nickel pig iron, it is expected that the demand for Philippine laterite nickel ore in the Indonesian market will weaken significantly in September. This week, the number of newly dispatched ships from the Philippines continued to increase, and it is expected that the proportion of the Philippine ore flowing back to China will further increase in the following days.

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On September 6, the nationwide nickel ore inventories at ports continu - Shanghai Metals Market (SMM)