National port inventory of nickel ore decreased by 210,000 wmt last week

As of November 29, the national port inventory of nickel ore decreased by 210,000 wmt to 10.008 million wmt compared to November 22. The total metal content was 78,570 mt. In the Philippines, the number of arriving and departing ships last week was less than 10. Currently, the main shipping areas are concentrated in northern mines, and the total number of shipments from the Philippines in November is expected to be around 30 ships, significantly reducing the monthly nickel ore shipment volume and continuing to decrease market supply. The overall increase in port inventory buildup is expected to be relatively small.