China Nickel Ore Inventories Keep Growing Slightly, SMM Reports, with Price Declines to Continue

Published: May 2, 2017 09:53

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Nickel ore inventories at seven major Chinese ports kept growing in the week ending April 28, Shanghai Metals Market data showed.

SHANGHAI, May 2 (SMM) – Nickel ore inventories at seven major Chinese ports kept growing in the week ending April 28, Shanghai Metals Market data showed.

What’s Outlook for Nickel Market after Cut News at Chinese NPI and Stainless Steel Producers? SMM Reports

Inventories at the seven ports, after increasing 40,000 tonnes in the week ending April 21, grew by 50,000 tonnes last week, according to SMM data.

First Nickel Ore Shipment from Indonesia Arrives in China after Indonesian Ban in Early 2014

SMM expects medium and high-grade nickel ore prices for future delivery to extend declines this week, but price declines will be small.

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