Nickel Ore Inventories Fall in China, SMM Reports

Published: Sep 23, 2016 15:55

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Nickel ore inventories at seven major Chinese ports dropped in the week ending Sep. 23, Shanghai Metals Market reported.

SHANGHAI, Sep. 23 (SMM) – Nickel ore inventories at seven major Chinese ports dropped in the week ending Sep. 23, Shanghai Metals Market reported.

According to SMM data, nickel ore inventories at those ports were down 130,000 tonnes from the week ending Sep. 16, but up 570,000 tonnes from the week ending Sep. 9.

China Nickel Ore Imports from Philippines to Drop 22-25 Per cent in 2016, SMM Expects

In the coming week, new arrivals of shipments at the Port of Lianyungang are expected to keep growing, SMM says.

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

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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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