Nickel ore inventories at Chinese ports fell 200,000 wmt to 7.88 million wmt

Published: Jul 10, 2020 17:12
Nickel ore inventories across all Chinese ports declined 200,000 wmt from July 3 to 7.88 million wmt as of July 10, showed SMM data.

SHANGHAI, Jul 10 (SMM) — Nickel ore inventories across all Chinese ports declined 200,000 wmt from July 3 to 7.88 million wmt as of July 10, showed SMM data.


In Ni content, the stocks fell 1,700 mt to 63,800 mt.


SMM data also showed that nickel ore stocks across seven major Chinese ports shrank 240,000 wmt during the same period to 6.67 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
Data: SHFE, DCE market movement (Mar 10)
11 hours ago
Data: SHFE, DCE market movement (Mar 10)
Read More
Data: SHFE, DCE market movement (Mar 10)
Data: SHFE, DCE market movement (Mar 10)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 10 Mar , 2026
11 hours ago
【SMM Flash News】Indonesia's Nickel Ore HPM Forecasted to Increase 1.32% in Mid March
15 hours ago
【SMM Flash News】Indonesia's Nickel Ore HPM Forecasted to Increase 1.32% in Mid March
Read More
【SMM Flash News】Indonesia's Nickel Ore HPM Forecasted to Increase 1.32% in Mid March
【SMM Flash News】Indonesia's Nickel Ore HPM Forecasted to Increase 1.32% in Mid March
SMM predicts the Indonesian domestic nickel ore benchmark price (HPM) will increase by 1.32% for the second half of March 2026. This gain follows an expected rise in the HMA to USD 17,329/dmt (down USD 225.56/dmt). Under the MC35% calculation, the forecasted HPM levels across key grades are: • Ni 1.2%: USD 17.57/wmt (↑ $0.23) • Ni 1.6%: USD 30.64/wmt (↑ $0.4) • Ni 1.7%: USD 34.47/wmt (↑ $0.45) • Ni 1.8%: USD 38.52/wmt (↑ $0.5) • Ni 2.0%: USD 47.31/wmt (↑ $0.62) The market is closely monitoring the pending RKAB approvals, though clarity for next month’s RKAB approval is still lacking. Given the upcoming Eid Al-Fitr break, a slowdown in the administrative process is highly likely. If these delays persist through the end of the month, there is a possibility for an upward in the ore price.
15 hours ago
[NPI Daily Review] The High-Grade NPI Market Came Under Brief Pressure; the Cost-Support Rationale Remained Unchanged
15 hours ago
[NPI Daily Review] The High-Grade NPI Market Came Under Brief Pressure; the Cost-Support Rationale Remained Unchanged
Read More
[NPI Daily Review] The High-Grade NPI Market Came Under Brief Pressure; the Cost-Support Rationale Remained Unchanged
[NPI Daily Review] The High-Grade NPI Market Came Under Brief Pressure; the Cost-Support Rationale Remained Unchanged
[SMM Daily Review: The High-Grade NPI Market Was Briefly Under Pressure, While the Cost-Support Logic Remained Unchanged] News on March 10: SMM’s upstream sentiment factor for high-grade NPI was 2.9, up 0.02 MoM, while the downstream sentiment factor for high-grade NPI was 1.4, up 0.03 MoM.
15 hours ago