Nickel Ore Inventories at Lianyungang Port Grow, SMM Reports

Published: Sep 15, 2017 15:21

Save

Inventories of nickel ore at the Port of Lianyungang grew 50,000 wet tonnes on a weekly basis, Shanghai Metals Market reports.

SHANGHAI, Sept. 15 (SMM) – Inventories of nickel ore at the Port of Lianyungang grew 50,000 wet tonnes on a weekly basis, Shanghai Metals Market reports.

As of Sept. 15, nickel ore inventories at the port were 2.45 million wet tonnes, according to SMM data.

One Stainless Steel Mill in East China Cuts NPI Purchase Price

This past week, approximately 300,000 wet tonnes of ore arrived at the port, and new arrivals are expected to reach 340,000 wet tonnes.

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

nickel prices nickel ore prices china nickel ore inventories

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM Analysis] Why Did NPI Stay Flat While Mills Slashed Output? NPI Market July Review and August Outlook

High ore costs, tight spot availability and weak stainless demand pin China's benchmark NPI index inside a RMB 7/nickel-point range in July, before an Indonesian policy jolt lifts it to a monthly high of RMB 1,129.5.

1 hour ago

2 hours ago

[SMM Analysis] Europe's Stainless Steel Scrap Slide: Not the Summer Shutdowns, but the Slab Channel Nobody Closed

Indonesian stainless slab moving through a trade-measure gap, not summer shutdowns, explains why European stainless scrap weakened while Asian stainless scrap rose between the mid-July low and 3rd August.

2 hours ago

4 hours ago

Indonesian Nickel and Cobalt Prices Decline, MHP Nickel Down $70/mt Ni, Cobalt Down $20/mt Co

According to SMM data, on August 4, the FOB price of Indonesian MHP nickel fell $70/mt Ni from the previous day, while the FOB price of Indonesian MHP cobalt decreased $20/mt Co. The FOB price of Indonesian high-grade nickel matte dropped $71/mt Ni.

4 hours ago