Nickel Ore Inventories at Chinese Ports Fell 169,000 wmt

SHANGHAI, Dec 3 (SMM) - The nickel ore inventory at Chinese ports fell 169,000 wmt to 9.18 million wmt as of December 3. Total Ni content stood at 72,100 mt. The total inventory at seven major ports stood at around 4.39 million wmt, a decline of 129,000 wmt from a week earlier.

Lanshan port saw a severe backlog of cargoes and face great pressure of slow shipments from ports. Jingtang port also met difficulties in shipping cargoes.

The arriving shipments of nickel ore have decreased recently. The nickel ore inventory is expected to slide further in the short term.