Nickel ore inventories at Chinese ports rose 50,000 wmt on week

SHANGHAI, Jun 19 (SMM) – Nickel ore inventories across all Chinese ports rose for a second straight week this week, increasing 50,000 wmt from a week earlier to 8.09 million wmt as of Friday June 19, showed SMM data. This came after a build of 210,000 wmt in the prior week.

In metal content, the stocks increased 200 mt this week to 65,800 mt, from a revised 65,600 mt a week ago.

SMM data also showed that nickel ore stocks across seven major Chinese ports added 120,000 wmt this week to 7.05 million wmt.