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Nickel Ore Inventories at Chinese Ports fell 199,000 wmt

iconSep 3, 2021 17:37
Source:SMM
As of September 3, nickel ore inventory at Chinese ports fell 199,000 wmt from a week earlier to 5.88 million wmt. Total Ni content stood at 46,200 wmt, according to SMM data.

SHANGHAI, Sep 3 (SMM) – As of September 3, nickel ore inventory at Chinese ports fell 199,000 wmt from a week earlier to 5.88 million wmt. Total Ni content stood at 46,200 wmt, according to SMM data. Total inventory at seven major ports stood at around 3.3 million wmt, a decline of 379,000 wmt from a week earlier.

Affected by the pandemic, cargoes were stranded at ports for a longer period. And this slowed growth in port inventory. The current port inventory level remains low, which is basically the same as that of March. 

Domestic demand remains strong. Output did not slide. Nickel ore inventory is expected to decrease further in October.

nickel ore inventory

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