Nickel ore inventories at Chinese ports rebounded 210,000 wmt on week

SHANGHAI, Jun 12 (SMM) – Nickel ore inventories across all Chinese ports rose this week after consecutive weeks of decline, rebounding 210,000 wmt from a week earlier to 8.04 million wmt as of June 12, showed SMM data. This came after a decline of 20,000 wmt in the prior week.

In metal content, the stocks increased 1,600 mt this week to 65,900 mt.

SMM data also showed that nickel ore stocks across seven major Chinese ports added 200,000 wmt this week to 6.93 million wmt.