Nickel Ore Inventories at China Six Major Ports Fall 300,000 tonnes

Published: Jan 18, 2016 10:09

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Nickel ore inventories at six major Chinese ports continued falling last week, according to SMM data.

SHANGHAI, Jan. 18 (SMM) – Nickel ore inventories at six major Chinese ports were 9.52 million tonnes last week, down 300,000 tonnes on a weekly basis, according to SMM data.

SMM attributes the decline in ore inventories mainly to falling arrivals of goods and pick-ups by NPI producers near the Port of Lianyungang.

Last week, two ships arrived at the Port of Lianyungang and one ship went to the Port of Jingtang, bringing 3 ships in total arrivals.

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

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