Nickel Ore Inventories at China Six Major Ports Down 50,000 tonnes

Published: Sep 21, 2015 09:49 (GMT+8)

Save

Last week, nickel ore inventories at six major Chinese ports were down 50,000 tonnes on a weekly basis, Shanghai Metals Market data show.

SHANGHAI, Sept. 21 (SMM) – Last week, nickel ore inventories at six major Chinese ports were down 50,000 tonnes on a weekly basis, Shanghai Metals Market data show.

After the drop, nickel ore inventories totaled 11.34 million tonnes at the six Chinese ports last week, according to SMM data.

Last week, trading at north China ports was light, and the Port of Lanshan and Lianyungang each saw the arrival of one shipment, while others saw no arrivals, SMM survey finds.

Four new ships are expected to arrive this week.

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.

ni ore China nickel ore inventories

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

1 hour ago

Premiums declined, with downstream procurement volume increasing slightly, but overall trading remained weak [SMM South China spot copper]

1 hour ago

Downstream purchases turn cautious; spot copper premiums in North China pull back [SMM North China spot copper]

Spot copper in North China was quoted at premiums of 220-380 yuan/mt against the front-month contract, with an average premium of 300 yuan/mt, down 70 yuan/mt from the previous trading day. The average transaction price was 110,305 yuan/mt, up 135 yuan/mt from the previous trading day.

1 hour ago

2 hours ago

Sierra Gorda Quarterly Attributable Payable Copper Output Rises 17%; Fourth Grinding Line Project Enters Execution

South32 reported on October 19 that attributable payable copper production from Chile’s Sierra Gorda mine reached 18,700 tonnes in the quarter ended September 30, 2026, up 17% quarter on quarter on its 45% ownership basis. Payable copper-equivalent production rose 11% to 22,400 tonnes. Copper feed grades increased from 0.41% to 0.46%, more than offsetting temporary wet-weather disruptions. Sierra Gorda also paid South32 a record quarterly cash distribution of US$153 million. Execution of the fourth grinding line project has commenced. The expansion is expected to increase processing capacity by approximately 25% to 60 million tonnes a year on a 100% basis, with first production targeted for mid-FY2030 and full production rates in FY2031. The project carries estimated capital expenditure of US$725 million. Joint venture partner KGHM expects construction to finish by the end of 2029, with full production capacity reached in the second half of 2030. At Australia’s Cannington silver-lead-zinc mine, payable zinc-equivalent production fell 27% quarter on quarter to 59,200 tonnes. Temporarily reduced paste backfill availability delayed access to planned stopes, prompting the operation to supplement mill feed with lower-grade stockpiles. South32 maintained FY2027 production guidance of 92,000 tonnes.

2 hours ago