Nickel ore inventories at Chinese ports rose 85,000 wmt from last Wednesday

SHANGHAI, Jul 3 (SMM) – Nickel ore inventories across all Chinese ports rose this week, increasing 85,000 wmt from last Wednesday June 24 to 8.08 million wmt as of Friday July 3, showed SMM data. This marked the third weekly increase in the past four weeks.

In Ni content, the stocks rose 500 mt to 65,500 mt.

SMM data also showed that nickel ore stocks across seven major Chinese ports fell 50,000 wmt during the same period to 6.9 million wmt.