China Sees Declines in Nickel Ore Inventories after 50,000-tonne Rise, SMM Reports

Published: Mar 28, 2016 09:47 (GMT+8)

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Nickel ore inventories at six major Chinese ports fell last week after a 50,000-tonne rise, according to survey by Shanghai Metals Market.

SHANGHAI, Mar. 28 (SMM) – Nickel ore inventories at six major Chinese ports fell last week after a 50,000-tonne rise, according to survey by Shanghai Metals Market.

Nickel ore inventories at the six ports were down 210,000 tonnes last week, according to SMM data.

“The drop in port inventories is due mainly to pick-ups by domestic NPI producers,” SMM nickel analyst says.

Trading for Medium-Grade Nickel Ore to Improve, SMM Says

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

China nickel ore inventories nickel ore prices ni 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.

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