Nickel Ore Inventories at Chinese Ports up 229,000 wmt WoW

Published: Sep 30, 2022 16:45

Source: SMM

Save

As of September 30, port inventories of nickel ore in China added 229,000 wmt to 7.61 million wmt compared with the previous week.

SHANGHAI, Sep 30 (SMM) - As of September 30, port inventories of nickel ore in China added 229,000 wmt to 7.61 million wmt compared with the previous week. The total Ni content stood at 60,000 mt. Port inventory of nickel ore across seven major Chinese ports stood at 4.21 million wmt, 109,000 wmt higher than last week. Nickel ore prices rose slightly amid the restocking demand approaching the rainy season, and the mines became more willing to ship. Besides, the production of domestic NPI plants was still lower than expected even though the plants resumed their operation somewhat, and the consumption of nickel ore stayed stable amid the rising arrival. Therefore, the port inventory began to grow. However, the inventory rose limitedly before the rainy season amid the declined overall shipments in 2022 caused by the poor weather condition and the slack demand. Port inventory of nickel ore may reach 8 million wmt.

Inventory

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 to learn 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

8 hours ago

Data: SHFE, DCE market movement (Apr 07)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 07 Apr , 2026

8 hours ago

12 hours ago

[SMM Nickel Intermediate Product Daily Review] April 7: MHP and High-Grade Nickel Matte Nickel Prices Declined

As of now, the FOB price of Indonesian MHP nickel was $15,341/mt Ni, and the FOB price of Indonesian MHP cobalt was $51,425/mt Co. MHP payables (against SMM battery-grade nickel sulphate index) stood at 86-87, and the MHP cobalt element payable indicator (against SMM refined cobalt (Rotterdam warehouse)) was 94. The FOB price of Indonesian high-grade nickel matte was $15,623/mt Ni.

12 hours ago

[SMM Stainless Steel Flash] Guangdong Nachuan Granted EIA Approval for 150k-Unit Stainless Project

The Environmental Impact Assessment (EIA) for Guangdong Nachuan New Materials Co., Ltd.'s relocation project was officially approved. The facility is designed for an annual output of 150,000 wear-resistant stainless steel parts, alongside 25,000 cast iron units and 26,000 alloy steel units. This approval paves the way for the company to scale up its high-performance material production, strengthening its supply capacity for industrial wear-resistant components.

12 hours ago