Nickel Ore Inventories at Chinese Ports Surged 60,000 wmt

Nov 5, 2021 16:25

Source:SMM

The nickel ore inventory at Chinese ports grew 60,000 wmt from a week earlier to 9.05 million wmt as of November 5. Total Ni content stood at 71,000 mt. Total inventory at the seven major ports stood at around 4.61 million wmt, a drop of 80,000 wmt from a week earlier.

SHANGHAI, Nov 5 – The nickel ore inventory at Chinese ports grew 60,000 wmt from a week earlier to 9.05 million wmt as of November 5. Total Ni content stood at 71,000 mt. Total inventory at the seven major ports stood at around 4.61 million wmt, a drop of 80,000 wmt from a week earlier.

The inventory increase at the Guangxi port is the most obvious. The number of NPI plants that resumed production is smaller than that of stainless steel mills. The peak shipment period of nickel ore will end as the monsoon season has set in in the Philippines. The port inventory is expected to slide further in the near term.

nickel ore inventory

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Nickel Ore Inventories at Chinese Ports Surged 60,000 wmt

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025