SHANGHAI, Feb 21 (SMM) – Nickel ore inventories across all Chinese ports continued to trend lower this week, falling 360,000 wmt from a week earlier to 13.34 million wmt as of Friday February 21, showed SMM data.
In metal content, the stocks decreased 3,500 mt in the week ended February 21 to 113,300 mt.
SMM data also showed that nickel ore stocks across seven major Chinese ports shrank 330,000 wmt to 10.52 million wmt.
Buyers stepped up nickel ore deliveries from ports following the recovery of road transportation, while there were limited arrivals, leading to the continued decline in port inventory.
