Nickel Ore Inventories at China Major Ports Up Slightly

SHANGHAI, May 25 (SMM) – Nickel ore inventories at China’s six major ports increased 40,000 tonnes to 11.8 million tonnes last week, Shanghai Metals Market data show.  

The increase at the six’s port inventories was due mainly to more shipments from the Philippines, SMM says. 

SMM adds the Port of Yingkou to its port inventory survey sample since last week, to better reflect nickel ore stocks at Chinese ports.

The Port of Yingkou is the nearest sea port to northeast China, and east Inner Mongolia.

If not include inventories at the Yingkou port, inventories at the other five ports were down, according to SMM data. 

For week-on-week change in inventories at each port, please click:http://database.metal.com/Public/login.html

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