SHANGHAI, Aug 13 (SMM) — Nickel ore inventories across all Chinese ports decreased 255,000 wmt from August 6 to 5.512 million wmt as of August 13, SMM data showed. In Ni content, the stocks stood at 43,300 mt.

SMM data also showed that nickel ore stocks across seven major Chinese ports shrank 104,000 wmt during the same period to 3.505 million wmt.

Domestic iron plants maintained hectic production schedules, as demand stayed high. Therefore, inventories at ports were still low in face of busy shipments. However, downloading at ports slowed down due to stricter pandemic control.