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

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