China Sees Continuous Declines in Nickel Ore Port Inventories

Published: Mar 14, 2016 17:59

Save

Nickel ore inventories at six major Chinese ports continued falling last week, according to survey by Shanghai Metals Market.

SHANGHAI, Mar. 14 (SMM) – Nickel ore inventories at six major Chinese ports continued falling last week, according to survey by Shanghai Metals Market.

Last week, the Port of Lianyungang saw arrivals of shipments growing, while the Port of Jingtang port registered a 100,000-tonne drop in ore inventories, combining to result in a slight drop in total inventories at China’s main ports.

Nickel ore inventories at the six ports were 8.42 million tonnes last week, down 20,000 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

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

China nickel ore inventories ni ore nickel ore

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 to learn 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

22 hours ago

US Services PMI Contracts for First Time Since January 2023, Composite PMI Hits Lowest Since September

The final March S&P Global services PMI released by the US came in at 49.8, a reading that was not only below the preliminary 51.1, but also marked the first contraction since January 2023. During this period, growth in new orders fell to its lowest point in nearly two years, while export trade conditions deteriorated further compared with February. Meanwhile, the final composite PMI was confirmed at 50.3, significantly below the preliminary 51.4 and the lowest level since September 2023.

22 hours ago

Middle East Conflict Disrupts Shipping, Spikes Global Costs and Insurance Premiums

The conflict in the Middle East has disrupted shipping through the Strait of Hormuz, triggering a سلسلة of chain reactions: global shipping costs have surged sharply, and war risk insurance premiums for vessels have also risen rapidly. Moreover, shipping companies must also weigh freight rate factors. According to industry insiders, current freight rates have already skyrocketed to 11-12 times their original level.

22 hours ago

China Faces Battery Cell Shortage, Energy Storage Sector Expands Capacity

At present, battery cell capacity for energy storage in China has entered a state of broad-based undersupply, with order schedules for energy storage battery cells at some top-tier enterprises even extending to the end of Q1 2027. Affected by this supply-demand gap, China’s energy storage battery cell segment is ushering in a new wave of capacity expansion, with many enterprises announcing large-scale expansion plans.

22 hours ago