SHANGHAI, Jun. 12 (SMM) – Nickel ore inventories at seven major Chinese ports continued growing in the week ending June 9, Shanghai Metals Market data showed.
Inventories at the seven ports were up 310,000 tonnes last week, according to SMM data.
In other news, DMCI is planning to resume nickel ore shipments this month, with two in Zambales and two in Berong. Supply shortfall in the ore market will not exist with goods outflow from some mines in the Philippines which were required to suspend operations.
Trading sentiment in the nickel ore market was light, and nickel ore prices are expected to remain weak.
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