February 7 Nickel Ore Inventory [SMM Port Nickel Ore Inventory]

As of February 7, 2025, nationwide port inventories of nickel ore continued destocking by 2 million wmt compared to January 24, 2025, reaching 8.086 million wmt. The total equivalent metal content was 63,500 mt in metal content. In the Philippines, the rainy season remains ongoing in major mining areas in the south, with poor weather conditions. Currently, there have been fewer offers from Philippine mines this week, and it is expected that subsequent port arrivals of Philippine nickel ore will see limited growth. On the downstream side, just-in-time procurement by nickel pig iron plants persists, and port inventories remain primarily in a destocking trend. » View SMM Nickel Prices, Data, and Market Analysis » Click to Access the SMM Nickel Industry Chain Database