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Home / Metal News / Nickel Ore Inventories at Chinese Ports Surged 143,000 wmt

Nickel Ore Inventories at Chinese Ports Surged 143,000 wmt

Sep 30, 2021 16:22

Source:SMM

Nickel ore inventory at Chinese ports grew 143,000 wmt from a week earlier to 7.49 million wmt as of September 30. Total Ni content stood at 58,800 mt.

SHANGHAI, Sep 30 – Nickel ore inventory at Chinese ports grew 143,000 wmt from a week earlier to 7.49 million wmt as of September 30. Total Ni content stood at 58,800 mt. Total inventory at seven major ports stood at around 3.68 million wmt, a decline of 37,000 wmt from Friday September 24.

The impact of power rationing and production restriction has not yet fully subsided. And the suspension of production in Guangdong and Guangxi is still relatively severe. The stainless steel mills integrated with NPI facility and the neighbouring NPI plants that directly supply liquid NPI to mills were kept from resuming production.

Nickel ore inventories will maintain a slight accumulation in the short term.

nickel ore inventory

nickel

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