China Sees Big Decline in Nickel Ore Inventories after Transportation Ban, SMM Reports-Shanghai Metals Market

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China Sees Big Decline in Nickel Ore Inventories after Transportation Ban, SMM Reports

SMM Insight 11:40:04AM Aug 21, 2017 Source:SMM

SHANGHAI, Aug. 21 (SMM) – Nickel ore inventories at China’s all ports tumbled last week, Shanghai Metals Market survey shows. 

China’s total nickel ore port inventories were 7.92 million wet tonnes or 65,800 tonnes in Ni content in the week ending Aug. 21, down as much as 620,000 tonnes on a weekly basis, according to SMM data. 

Does Production Resumption Go Smoothly at China High-grade NPI Producers after Rapid Price Gains? SMM Reports

SMM attributes the sharp decline to the ban on coal transportation by truck at the Port of Tangshan, (including the Port of Jingtang and all docks at Caofeidian Port). Inner Mongolia NPI producers sped up ore transportation from the Port of Caofeidian to factories after the ban, and inventories at the port tumbled to 400,000 wet tonnes, down by half on a weekly basis. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

China Sees Big Decline in Nickel Ore Inventories after Transportation Ban, SMM Reports

SMM Insight 11:40:04AM Aug 21, 2017 Source:SMM

SHANGHAI, Aug. 21 (SMM) – Nickel ore inventories at China’s all ports tumbled last week, Shanghai Metals Market survey shows. 

China’s total nickel ore port inventories were 7.92 million wet tonnes or 65,800 tonnes in Ni content in the week ending Aug. 21, down as much as 620,000 tonnes on a weekly basis, according to SMM data. 

Does Production Resumption Go Smoothly at China High-grade NPI Producers after Rapid Price Gains? SMM Reports

SMM attributes the sharp decline to the ban on coal transportation by truck at the Port of Tangshan, (including the Port of Jingtang and all docks at Caofeidian Port). Inner Mongolia NPI producers sped up ore transportation from the Port of Caofeidian to factories after the ban, and inventories at the port tumbled to 400,000 wet tonnes, down by half on a weekly basis. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.