March 21 Nickel Ore Inventory [SMM Port Nickel Ore Inventory]

On March 21, 2025, the national port nickel ore inventory continued to decrease by 190,000 wmt to 606.6 thousand wmt. The total metal content was 4.767 thousand mt in metal content. In the Philippines, the rainy season in the main mining areas in the south is gradually coming to an end, with expectations of increased shipments. Currently, there are fewer offers from Philippine mines this week, and downstream nickel pig iron plants still have just-in-time procurement needs, leading to a focus on destocking at ports.