Nickel Ore Inventories at Chinese Ports down 7,000 wmt on Week

Published: May 20, 2022 17:48
Source: SMM
As of May 20, the nickel ore inventory at Chinese ports dipped 7,000 wmt from a week earlier to 5,363,000 wmt. The total Ni content decreased by 50 wmt.

SHANGHAI, May 20 (SMM) - As of May 20, the nickel ore inventory at Chinese ports dipped 7,000 wmt from a week earlier to 5,363,000 wmt. The total Ni content decreased by 50 wmt. The total inventory at seven major ports across China stood at 2.231 million wmt, 23,000 wmt higher than the previous week. The port inventory of nickel ore dropped slightly, which is at a historically low level. The main reason is that the shipment of nickel ore from the Philippines was reduced by the poor weather conditions. At the same time, some preliminary orders were not delivered, and NPI plants with a low in-plant inventory of nickel ore consumed raw material quickly, hence the arrival of nickel ore at ports could not increase. The inventory at Lanshan, Lanqiao and Tieshan Port dropped sharply, while the inventory at Jingtang and Lianyungang Port increased. It is expected that the port inventory of nickel ore may increase slightly, and the shipment from the Philippines is of utmost concern.



Disclaimer:

The above representation and data is based on market information SMM believes to be reliable at the time of acquiring as well as the comprehensive assessment by SMM research team, and any and all information provided in this article is for reference only. This article does not constitute a direct recommendation for investment or any decisions in any form and clients shall act on their own discreet and any decisions made by clients are not within the responsibility of SMM.

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

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Domestic High-Grade NPI Costs Drop, but Profit Margins Squeeze Amid Falling Selling Prices
Sep 11, 2026 18:00
Domestic High-Grade NPI Costs Drop, but Profit Margins Squeeze Amid Falling Selling Prices
Read More
Domestic High-Grade NPI Costs Drop, but Profit Margins Squeeze Amid Falling Selling Prices
Domestic High-Grade NPI Costs Drop, but Profit Margins Squeeze Amid Falling Selling Prices
[SMM Nickel Flash] Domestic high-grade NPI production costs declined this week. Lower Philippine nickel ore prices, coupled with a pullback in coke prices, reduced smelting raw material costs. However, NPI selling prices fell significantly over the same period, dragging on profitability and narrowing profit margins for domestic smelters.
Sep 11, 2026 18:00
SMM 10-12% High-Grade NPI Price Drops to 1,095.5 Yuan/Unit, Indonesia NPI FOB Index Falls to $141.14/Unit
Sep 11, 2026 18:00
SMM 10-12% High-Grade NPI Price Drops to 1,095.5 Yuan/Unit, Indonesia NPI FOB Index Falls to $141.14/Unit
Read More
SMM 10-12% High-Grade NPI Price Drops to 1,095.5 Yuan/Unit, Indonesia NPI FOB Index Falls to $141.14/Unit
SMM 10-12% High-Grade NPI Price Drops to 1,095.5 Yuan/Unit, Indonesia NPI FOB Index Falls to $141.14/Unit
[SMM Nickel Flash] The average price of SMM 10-12% high-grade NPI fell by 17.7 yuan/nickel unit WoW to 1,095.5 yuan/nickel unit (ex-factory, tax included), while the average price of the Indonesia NPI FOB index dropped by $2.93/nickel unit WoW to $141.14/nickel unit. This week, the high-grade NPI market continued to weaken, with the price center moving steadily lower. Upstream and downstream price negotiations intensified, and the market entered a stalemate, consolidating at lows.
Sep 11, 2026 18:00
[SMM Analysis] High-Grade NPI Prices Decline as Supply Recovers and Market Activity Slows
Sep 11, 2026 17:45
[SMM Analysis] High-Grade NPI Prices Decline as Supply Recovers and Market Activity Slows
Read More
[SMM Analysis] High-Grade NPI Prices Decline as Supply Recovers and Market Activity Slows
[SMM Analysis] High-Grade NPI Prices Decline as Supply Recovers and Market Activity Slows
The average price of SMM 10-12% high-grade NPI fell WoW by 17.7 yuan/nickel unit to 1,095.5 yuan/nickel unit (ex-factory, tax included), and the average price of the Indonesia NPI FOB index fell WoW by $2.93/nickel unit to $141.14/nickel unit. This week, the high-grade NPI market continued to weaken, with the price center shifting steadily lower. Price negotiations between upstream and downstream intensified, and the market entered a phase of stagnant consolidation at lows.
Sep 11, 2026 17:45
Nickel Ore Inventories at Chinese Ports down 7,000 wmt on Week - Shanghai Metals Market (SMM)