China Sees Higher Nickel Ore Inventories at Ports, SMM Reports

Published: Mar 18, 2016 17:52

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Nickel ore inventories at six major Chinese ports grew over this past week, according to survey by Shanghai Metals Market.

SHANGHAI, Mar. 18 (SMM) – Nickel ore inventories at six major Chinese ports grew over this past week, according to survey by Shanghai Metals Market.

Nickel ore inventories at six major Chinese ports were up 50,000 wmt on a weekly basis, according to SMM data.

“The rise at port inventories is due mainly to limited buying interest by domestic NPI producers,” SMM nickel analyst said.

Last week, prices of low-grade nickel ore rose in China as low-grade NPI advanced.

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.

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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.

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