Nickel ore inventory across the national ports in China increased by 30,000 wmt

On June 7, nickel ore inventory across the national ports in China increased by 30,000 wmt WoW to 7.718 million wmt. The metal content totalled 60,620 mt. Among them, the inventory at seven major ports nationwide was 4.08 million wmt. During the week, shipments from the Philippines in May continued to arrive at ports, and the inventory reduction of low-nickel, high-iron ore at domestic ports improved. It is expected that the remaining ships that did not complete loading in May will finish shipping by mid-June at the latest. In the short term, domestic port inventories may not show significant changes.