Nickel ore inventories at Chinese ports rose 252,000 wmt to 5.95 million wmt

Published: Jun 4, 2021 16:06

Save

Nickel ore inventories across all Chinese ports increased 252,000 wmt from May 28 to 5.95 million wmt as of June 4, showed SMM data.

SHANGHAI, Jun 4 (SMM) — Nickel ore inventories across all Chinese ports increased 252,000 wmt from May 28 to 5.95 million wmt as of June 4, showed SMM data.

In Ni content, the stocks stood at 46,800 mt.

SMM data also showed that nickel ore stocks across seven major Chinese ports increased 72,000 wmt during the same period to 4.27 million wmt.

Nickel ore inventories piled up this week. However, the shipping schedule was delayed due to the bad weather in the Philippines, and the Surigao mining area, the largest shipping area, was seriously affected. In addition, there are more new production lines of ferronickel in China recently, so nickel ore inventories at Chinese ports in the second quarter will post slower increase compared with the same period of last year.

Inventory data Nickel

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 for 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

13 mins ago

NBS: Consumer Prices See 0.8% Year-on-Year Increase in August

National Bureau of Statistics (NBS): Consumer prices rose 0.8% YoY in August.

13 mins ago

SMM #1 Refined Nickel Price Up by 1,450 Yuan/mt, Jinchuan Premium Increases

On September 10, the average price of SMM #1 refined nickel was 129,300 yuan/mt, up 1,450 yuan/mt from the previous trading day. In terms of spot premiums, the average premium for Jinchuan #1 refined nickel was 2,300 yuan/mt, up 150 yuan/mt from the previous trading day, while mainstream domestic electrodeposited nickel brands ranged from -100 to 500 yuan/mt.

13 mins ago

17 hours ago

[SMM Stainless Steel Flash] Malaysia Initiates Anti-Dumping Investigation on Cold-Rolled Stainless Steel from Indonesia

Malaysia's Ministry of Investment, Trade and Industry (MITI) formally published a notice in the Federal Government Gazette (P.U.(B) 331) on September 9, 2026, initiating an anti-dumping investigation (Case AD 03/26) into cold-rolled stainless steel products in coils, sheets, or any other form originating or exported from Indonesia, pursuant to Section 20 of the Countervailing and Anti-Dumping Duties Act 1993. The petition was lodged by Bahru Stainless Sdn. Bhd., based in Johor, on behalf of the Malaysian industry. Subject merchandise falls under HS/AHTN codes 7219.31–7219.35, 7219.90, and 7220.20 series. The petitioner alleges significant dumping margins with evidence of injury including increased import volumes, market share loss, price undercutting and depression, reduced sales and capacity utilization, and inventory buildup. All interested parties must submit questionnaire responses and views via the TRIMA system within 30 days of the gazette publication.

17 hours ago