Nickel ore inventories at Chinese ports rose 282,000 wmt to 5.51 million wmt

SHANGHAI, Jul 9 (SMM) — Nickel ore inventories across all Chinese ports increased 282,000 wmt from July 2 to 5.51 million wmt as of July 9, showed SMM data.

In Ni content, the stocks stood at 43,400 mt.

SMM data also showed that nickel ore stocks across seven major Chinese ports increased 152,000 wmt during the same period to 3.57 million wmt.

Jingtang Port was suspended due to environmental protection problems last week, and it has now recovered, while port congestion has not been completely relieved. The ports in both the north and the south had different degrees of congestion. Nickel ore stocks increased slowly, and the recent consumption was relatively large, so the increase of nickel ore stocks was limited.