National port nickel ore inventory increased significantly by 460,000 wmt last week

Published: Oct 21, 2024 17:02

Source: SMM

Save

On October 18, the national port nickel ore inventory increased significantly by 460,000 wmt to 9.922 million wmt compared to September 27.

On October 18, the national port nickel ore inventory increased significantly by 460,000 wmt to 9.922 million wmt compared to September 27. The total equivalent metal content is 81,500 mt. Regarding the Philippines, the number of nickel ore shipments to Indonesia within the month has already shown a significant decline. Coupled with the new progress in the Indonesian RKAB nickel ore quota realization, the subsequent monthly shipments of Philippine nickel ore to Indonesia are expected to continue to decrease.

Market forecast Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

58 mins ago

Nickel Prices Decline as Supply Holds Firm and Stainless Steel Demand Weakens

[SMM Nickel Flash] March 17 News. Supply side, some smelters held firm on quotations, but amid the futures decline and stainless steel finished product prices coming under pressure, some traders feared buying at elevated levels. Demand side, terminal demand remained weak and struggled to accept high prices for stainless steel finished products. Meanwhile, the cost advantage of steel scrap widened, and steel mills' willingness to procure high-grade NPI turned sluggish again.

58 mins ago

59 mins ago

SMM Nickel Flash: High-Grade NPI Sentiment Factors Decline in March

[SMM Nickel Flash] News on March 17: The SMM high-grade NPI market sentiment factor was 2.23, down 0.03 MoM; the upstream sentiment factor for high-grade NPI was 2.85, down 0.04 MoM; and the downstream sentiment factor for high-grade NPI was 1.6, down 0.03 MoM.

59 mins ago

2 hours ago

[SMM Daily Review of Nickel Sulphate] March 17, Trading Sentiment Was Relatively Weak, and Nickel Salt Prices Remained Stable

On March 17, the SMM average price of battery-grade nickel sulphate remained unchanged.

2 hours ago