China Sees Higher Nickel Ore Inventories at Ports, SMM Reports

Mar 18, 2016 17:52

Source:SMM

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

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China Sees Higher Nickel Ore Inventories at Ports, SMM Reports

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