Nickel Ore Inventories at China Major Five Ports Fall for Second Consecutive Week

Jul 28, 2014 09:57

Source:SMM

Nickel ore inventories at China’s major five ports – Rizhao, Lanshan, Lianyungang, Tianjin and Jingtang – fell by another 150,000 tonnes last week to 14.55 million tonnes, SMM data showed.

SHANGHAI, Jul. 28 (SMM) – Nickel ore inventories at China’s major five ports – Rizhao, Lanshan, Lianyungang, Tianjin and Jingtang – fell by another 150,000 tonnes last week to 14.55 million tonnes, Shanghai Metals Market data showed.

Stocks at Tianjin, Rizhao, and Lanshan declined 100,000 tonnes, 20,000 tonnes, and 30,000 tonnes, respectively, while inventories at the remaining two ports were unchanged, according to SMM data.

Trading at the Port of Lianyungang was most brisk among the five ports last week. Five ships carrying 250,000 tonnes of nickel ore arrived at Lianyungang last week, and all arrivals were sold from the port, leaving no changes in port inventories.

Shipments to Lanshan and Rizhao were limited and were not unloaded on time due to Typhoon Matmo.

As fewer ores will be shipped from Zambales and Palawan, port inventories at China’s major five ports are expected to fall further, SMM foresees.

China nickel ore inventories

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Nickel Ore Inventories at China Major Five Ports Fall for Second Consecutive Week

SMM Events & Webinars

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit

2024 ASEAN Automotive Supply Chain