Nickel ore inventories at Chinese ports fell 245,000 wmt to 6.08 million wmt

SHANGHAI, Mar 26 (SMM) — Nickel ore inventories across all Chinese ports decreased 245,000 wmt from March 19 to 6.08 million wmt as of March 26, showed SMM data. 
 
In Ni content, the stocks fell 1,900 mt to 48,000 mt. 
 
SMM data also showed that nickel ore stocks across seven major Chinese ports decreased 225,000 wmt during the same period to 4.93 million wmt. 
 
Mines held prices amid deadlocked market turnover, and the inventories continued to decline as the shipment was affected by the wet weather. However, the stalemate has eased recently, and the turnover will gradually become active. Nickel ore inventories are likely to start to rise in mid-April.