The national port nickel ore inventory continued to accumulate by 260,000 wmt to 8.652 million wmt

As of August 2, the national port inventory of nickel ore continued to increase by 260,000 wmt to 8.652 million wmt compared to July 26. The total equivalent metal content was 67,900 mt. During the week, the shipping efficiency of laterite nickel ore from the Philippines showed a significant increase, with the frequency of shipments to both domestic and Indonesian destinations being quite active. A new round of nickel ore negotiations from the Philippines is still ongoing, together with the continued upward trend in the domestic NPI market, it is expected that the transaction prices of Philippine nickel ore will continue to strengthen in the short term.