Nickel ore inventory at ports nationwide continued to accumulate by 90,000 wmt WoW this week

On September 13, nickel ore inventory at ports nationwide continued to accumulate by 90,000 wmt from September 6 to 9.262 million wmt. The total equivalent metal content was 72,720 mt. In the Philippines, despite the clear demand for raw material restocking from China's downstream smelters, there remains a certain selectivity for the grade and iron content of the current medium-grade nickel ore. With the purchasing demand and intended purchasing price for Philippine nickel ore from Indonesia continuing to decline, it is expected that the supply of medium-grade nickel ore from the Philippines to the domestic market will continue to increase.