Nickel ore inventories at Chinese ports grow, but may enter the de-stocking cycle in Q4

Nov 13, 2023 13:21

Source:SMM

As of November 10, the inventory of nickel ore at Chinese ports increased by 372,000 wmt to 9.862 million wmt compared to November 3.

As of November 10, the inventory of nickel ore at Chinese ports increased by 372,000 wmt to 9.862 million wmt compared to November 3. The total Ni content was 77,420 mt. The port inventory across seven major Chinese ports totaled 4.8 million wmt, up 372,000 wmt compared to November 3. As the rainy season started, the peak shipping period ended, and it is expected that the nickel ore will enter the de-stocking cycle in Q4.

Inventory

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Nickel ore inventories at Chinese ports grow, but may enter the de-stocking cycle in Q4

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