Nickel Ore Inventories at Chinese Ports up 169,000 wmt WoW

SHANGHAI, Apr 23 (SMM) - As of April 21, port inventories of nickel ore in China stood at 6.72 million wmt, up 169,000 wmt WoW. The total Ni content was 53,000 mt. The port inventory across seven major Chinese ports totalled 3.33 million wmt, 59,000 wmt higher than the previous week. NPI prices rose to 1,100 yuan/mt on stable ore prices, which encouraged downstream purchases but suppressed the traders' willingness to ship spots. The port inventory may maintain an upward track in the near future.