Nickel Ore Inventory on February 21 [SMM Port Nickel Ore Inventory]

As of February 21, 2025, the nationwide port inventory of nickel ore continued destocking by 360,000 wmt compared to February 14, 2025, reaching 7.606 million wmt. The total equivalent metal content was 59,740 mt in metal content. In the Philippines, the main mining areas in the south were still in the rainy season with poor weather conditions. Currently, there were 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 still exists, and port inventory remains primarily in a destocking trend. » View SMM nickel prices, data, and market analysis » Click to access the SMM nickel industry chain database