Nickel Ore Inventories at China Major Ports up 200,000 tonnes

SHANGHAI, May 11 (SMM) – Nickel ore stocks at China’s five major ports stopped falling last week, Shanghai Metals Market data show. 

Total inventories at the five ports, including Tianjin, Rizhao, Lanshan, Lianyungang and Jingtang, grew 200,000 tonnes to 10.65 million tonnes last week, according to SMM data. 

The growth in inventories was due mainly to purchasing increases by Chinese NPI producers, especially for medium-grade ore

China’s nickel ore port inventories are expected to continue growing this week, SMM foresees. 

For week-on-week change in inventories at each port, please click:http://database.metal.com/Nickel/introduction_en#type2

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.