SHANGHAI, Dec 17 – The nickel ore inventory at Chinese ports dipped 241,000 wmt from a week earlier to 8.77 million wmt as of December 17. Total Ni content stood at 68,900 mt. The total inventory at seven major ports stood at around 4.07 million wmt, a drop of 201,000 wmt from a week earlier.
The shipments arrivals of nickel ore have decreased. Although the NPI output has not returned to normal completely, the growth in demand exceeded that in the supply. It is expected that the nickel ore inventories will continue to decline next week.
