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Home / Metal News / Nickel ore inventories at Chinese ports fell 557,000 wmt to 8.85 million wmt

Nickel ore inventories at Chinese ports fell 557,000 wmt to 8.85 million wmt

Dec 18, 2020 18:20

Source:SMM

Nickel ore inventories across all Chinese ports decreased 557,000 wmt from December 11 to 8.85 million wmt as of December 18, showed SMM data.

SHANGHAI, Dec 18 (SMM) — Nickel ore inventories across all Chinese ports decreased 557,000 wmt from December 11 to 8.85 million wmt as of December 18, showed SMM data.

In Ni content, the stocks fell 4,500 mt to 70,100 mt.

SMM data also showed that nickel ore stocks across seven major Chinese ports decreased 577,000 wmt during the same period to 6.55 million wmt.

Inventory data

Nickel

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Nonferrous metals on the LME rose for the most part on Thursday morning. Shanghai base metals, except tin and aluminium, moved higher as of 9:35 Beijing time, holding onto overnight gains.

Aug 6, 2020 09:48

SMM Comments

SMM Morning Comments (Aug 6): Shanghai base metals were broadly firmer, holding onto overnight gains

SMM Evening Comments (Jun 23): SHFE base metals mixed as investors weighed reopening hopes against COVID-19 resurgence fears

SHFE nonferrous metals closed mixed on Tuesday, as investors continued to weigh hopes of economic re-openings against signs that coronavirus infections are rising in some parts of the world.

Jun 23, 2020 18:31

SMM Comments

SMM Evening Comments (Jun 23): SHFE base metals mixed as investors weighed reopening hopes against COVID-19 resurgence fears

SMM Evening Comments (Jun 22): Shanghai base metals mostly rose on macroeconomic optimism

SHFE nonferrous metals, except for nickel and tin, closed higher on Monday June 22, following after they kicked off the week mostly higher. Market sentiment was lifted after China's central bank on Monday pumped cash into the banking system via reverse repos to maintain liquidity.

Jun 22, 2020 18:27

SMM Comments

SMM Evening Comments (Jun 22): Shanghai base metals mostly rose on macroeconomic optimism

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

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.

Jun 19, 2020 18:03

Analysis

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

Shanghai bonded nickel stocks rose 800 mt on week

Inventories of refined nickel in the Shanghai bonded areas increased this week as a rally in the US dollar widened import losses of refined nickel to as much as 3,500 yuan/mt, prompting cargo holders to move seaborne arrivals at ports to the bonded warehouse. The SHFE/LME nickel price ratio stabilised at 8.0 this week.

Jun 19, 2020 17:32

Analysis

Shanghai bonded nickel stocks rose 800 mt on week

Zhenshi Group’s ferronickel project in Indonesia’s Weda Bay to see 1st batch of output in end-June or early July

Yashi nickel smelting project at Indonesia Weda Bay Industrial Park (IWIP) is expected to see its first batch of ferronickel output at the end of June or the beginning of July, after two production lines were ignited in early June.

Jun 18, 2020 16:12

Reminder

Zhenshi Group’s ferronickel project in Indonesia’s Weda Bay to see 1st batch of output in end-June or early July

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Jun 17, 2020 10:03

SMM Comments

SMM Morning Comments (Jun 17): Shanghai base metals mostly higher after strong US data

Shanghai bonded nickel stocks fell 600 mt on week despite deeper import losses

Inventories of refined nickel in the Shanghai bonded areas dipped 600 mt in the week ended June 5 to 14,800 mt, showed SMM data.

Jun 5, 2020 17:11

Analysis

Shanghai bonded nickel stocks fell 600 mt on week despite deeper import losses

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Jun 4, 2020 16:57

Reminder

A high-grade NPI producer in Shanxi began maintenance in mid-May

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Jun 4, 2020 10:07

SMM Comments

SMM Morning Comments (Jun 4): LME base metals mostly edged down in volatile trading

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Nickel ore inventories at Chinese ports fell 557,000 wmt to 8.85 million wmt

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