China Nickel Ore Inventories Fall after Slight Increases for Two Weeks, SMM Reports 

【SMM Nickel Flash】Weather conditions in Indonesia, the Philippines and China Weather-wise, Indonesia's major nickel mining areas are expected to see relatively dry conditions this week, with rainfall of around 0-5 mm in Morowali, Konawe, Halmahera, Obi Island and Pomalaa. Mining, hauling and smelter feed operations are expected to remain largely unaffected, although stronger winds in Halmahera may affect small-vessel and coastal logistics. In the Philippines, Palawan, Surigao, Zambales and Homonhon are expected to receive around 80-85 mm, 90-95 mm, 80-85 mm and 95-100 mm of rainfall, respectively. Frequent showers, with occasional thunderstorms and swell, may cause brief delays to mine-road transportation, barging and vessel loading, but no major disruption is expected. In China, Lianyungang, Lanshan, Tieshan, Jingtang and Yingkou are expected to receive around 0-5 mm of rainfall this week. Overall weather conditions are expected to remain dry, with stronger winds, particularly at Lanshan, potentially affecting vessel berthing and loading operations.

According to SMM data, on September 14, the FOB price of Indonesian MHP nickel fell by $75/mt Ni from the previous day, and the FOB price of Indonesian MHP cobalt fell by $75/mt Co. The FOB price of Indonesian high-grade nickel matte fell by $79/mt Ni.