SHANGHAI, Oct. 13 (SMM) – Nickel ore inventories at China’s major five ports totaled 15.27 million tonnes last week, up by 160,000 tonnes on a weekly basis, according to Shanghai Metals Market data.
SMM attributes increases in inventories to limited sales at those ports during the Chinese National Day holiday, despite of falling arrivals of shipments since October.
Nickel ore inventories at Tianjin, Rizhao, Lanshan, Lianyungang, and Jingtang were 4.35 million tonnes, 1.4 million tonnes, 2.22 million tonnes, 6.1 million tonnes, and 1.2 million tonnes, respectively, SMM data shows.
At the Port of Lianyungang, four ships, carrying 200,000 tonnes of ore, arrived at the port, while the port saw an increase of 100,000 tonnes in total stocks.
Inventories at the Port of Rizhao fell by 90,000 tonnes, and no new arrivals had been reported at the port since September.
Three ships, carrying 150,000 tonnes of goods, arrived at the port of Lanshan, but inventories there were only up 50,000 tonnes.
At the Port of Tianjin, inventories grew by 100,000 tonnes, and with two new shipments arriving. Stocks at the Port of Jingtang were virtually unchanged.
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