Nickel ore inventories at Chinese ports fell 345,000 wmt to 5.74 million wmt

SHANGHAI, Apr 2 (SMM) — Nickel ore inventories across all Chinese ports decreased 345,000 wmt from March 26 to 5.74 million wmt as of April 2, showed SMM data. 

In Ni content, the stocks fell 2,700 mt to 45,000 mt. 

SMM data also showed that nickel ore stocks across seven major Chinese ports decreased 250,000 wmt during the same period to 4.68 million wmt. 

Nickel ore stocks still maintained a downward trend, the impact of rainy season in the Philippines basically eliminated, and Surigao gradually resumed normal shipment. According to the loading and delivery time, the arrivals of nickel ore will gradually increase in about half a month, and the downward trend of port stocks will begin to reverse.