Nickel Ore Inventories at China Five Major Ports to Fall in Late October
SHANGHAI, Oct. 20 (SMM) – Nickel ore inventories at China’s major five ports totaled 15.55 million tonnes last week, up by 280,000 on a weekly basis, Shanghai Metals Market data show.
Shipments of Philippine nickel ore to China are expected to drop in late October following the arrival of monsoon in Surigao, SMM expects.
Trading at the Port of Lianyungang was relatively brisk, with inventories falling 100,000 tonnes. Two ships, carrying 100,000 tonnes of nickel ore, arrived at the port during the period, meaning 200,000 tonnes were picked up from the port.
Stocks the Port of Rizhao declined 20,000 tonnes during the same period, with no new shipments expected.
Two ships of nickel ore arrived at the Port of Lanshan, bringing its ore inventories up by 100,000 tonnes, also with no new shipments expected this week.
Inventories at the Port of Tianjin increased 100,000 tonnes last week after two ships arrived at the port.
At the Port of Jingtang, nickel ore inventories grew by 200,000 tonnes after four ships arrived.
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China nickel ore inventories
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