Nickel ore inventories at Chinese ports rebounded to 13.66 million wmt

Published: Oct 28, 2019 08:50
Stocks rose 570,000 wmt from a week ago to 13.66 million wmt as of Oct 25

SHANGHAI, Oct 28 (SMM) – Nickel ore inventories across all Chinese ports rebounded last week, rising 570,000 wmt from a week ago to 13.66 million wmt as of October 25, SMM data showed.

Stocks in metal content increased by 5,200 mt to 116,000 mt.

During the same period, stocks across seven major Chinese ports gained 410,000 wmt to 10.77 million wmt.

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 to learn 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
Nickel Prices Rise Amid Cost Pressures, Stainless Steel Demand Subdued
6 hours ago
Nickel Prices Rise Amid Cost Pressures, Stainless Steel Demand Subdued
Read More
Nickel Prices Rise Amid Cost Pressures, Stainless Steel Demand Subdued
Nickel Prices Rise Amid Cost Pressures, Stainless Steel Demand Subdued
[SMM Nickel Flash] March 4 news: Supply side, nickel ore and auxiliary material prices continued to rise, upstream cost pressure gradually increased, and quotes remained firm. Demand side, steel scrap currently has a clear cost advantage, stainless steel selling prices were flat, and under losses pressure, purchasing sentiment was relatively subdued.
6 hours ago
SMM High-Grade NPI Sentiment Rises in March, Upstream and Downstream Factors Improve
6 hours ago
SMM High-Grade NPI Sentiment Rises in March, Upstream and Downstream Factors Improve
Read More
SMM High-Grade NPI Sentiment Rises in March, Upstream and Downstream Factors Improve
SMM High-Grade NPI Sentiment Rises in March, Upstream and Downstream Factors Improve
[SMM High-Grade NPI] News on March 4: The SMM high-grade NPI market sentiment factor was 2.09, up 0.02 MoM; the high-grade NPI upstream sentiment factor was 2.87, up 0.01 MoM; and the high-grade NPI downstream sentiment factor was 1.32, up 0.03 MoM.
6 hours ago
[SMM Stainless Steel Flash] Indonesian Major Mill Hikes 316L Export Price by $100/t
7 hours ago
[SMM Stainless Steel Flash] Indonesian Major Mill Hikes 316L Export Price by $100/t
Read More
[SMM Stainless Steel Flash] Indonesian Major Mill Hikes 316L Export Price by $100/t
[SMM Stainless Steel Flash] Indonesian Major Mill Hikes 316L Export Price by $100/t
According to SMM, on March 4, an Indonesian major stainless steel mill raised its 316L export quotation by USD 100/mt, pushing the price spread between 316L and 304 to USD 1,800/mt. This sharp increase is driven by a rallying molybdenum market: while domestic mines have begun concentrated shipments, molybdenum concentrate transaction prices continue to trend upward. The entire industry chain currently exhibits firm raw material prices and cost-driven pressure, with downstream demand gradually following suit. Strong cost support from the ferromolybdenum market has led to this significant price divergence.
7 hours ago
Nickel ore inventories at Chinese ports rebounded to 13.66 million wmt - Shanghai Metals Market (SMM)