China Nickel Ore Inventories Grow after Continuous Declines

Published: Feb 29, 2016 09:46

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Nickel ore inventories, after continuous declines, at six major Chinese ports grew last week, according to survey by Shanghai Metals Market.

SHANGHAI, Feb. 29 (SMM) –Nickel ore inventories, after continuous declines, at six major Chinese ports grew last week, according to survey by Shanghai Metals Market.

“Higher arrivals of goods at the Port of Tianjin led to the growth at port inventories,” SMM nickel analyst points out.

Nickel ore inventories at six major Chinese ports were 8.48 million tonnes last week, up 70,000 tonnes on a weekly basis, according to SMM data.

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

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