SHANGHAI, Jul. 10 (SMM) – Nickel ore inventories at seven major Chinese ports increased slightly in the week ending June 30, Shanghai Metals Market data showed.
Inventories at the seven ports were up 90,000 tonnes last week, according to SMM data.
In market news, PT Ceria Nugraha Indotama was permitted by Indonesia government to export 2.30 million mt of nickel ore in principle through to July 2018, becoming the third on the list of companies being approved for nickel ore exports.
This, combined with Antam and Zhenshi Group’s approved export volumes, has brought the country’s total export quota of nickel ore up to 6.06 million tonnes.
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