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Home / Metal News / Nickel ore inventories at Chinese ports fall to 13.41 million wmt

Nickel ore inventories at Chinese ports fall to 13.41 million wmt

Jul 26, 2019 16:12

Source:SMM

Stocks in metal content slid 900 mt this week to stand at 112,000 mt

SHANGHAI, Jul 26 (SMM) – Nickel ore inventories across all Chinese ports lost 100,000 wmt from a week ago to 13.41 million wmt as of Friday July 26, SMM data showed.

Stocks in metal content slid 900 mt this week to stand at 112,000 mt.

Stocks across seven major Chinese ports fell 70,000 wmt to stand at 11.02 million wmt.

Inventory data

Nickel ore

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Freight rates, purchases support nickel ore prices despite easing nickel prices

SMM assessment showed that offers of nickel ore with 1.8% Ni climbed to $54-55/wmt cif as of Jul 26

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SMM Comments SMM Insight Industry

Freight rates, purchases support nickel ore prices despite easing nickel prices

Nickel ore inventories at Chinese ports expand to 12.53 million wmt

Stocks increased by some 330,000 wmt from a week ago to 12.53 million wmt as of May 24

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Nickel ore imports continue to grow in Sep

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