Nickel Ore Inventories At Chinese Ports Up 382,000 Wmt WoW

SHANGHAI, Sep 4 (SMM)– As of September 1, port inventories of nickel ore in China stood at 7.562 million wmt, up 382,000 wmt WoW. The total Ni content was 59,000 mt. The port inventory across seven major Chinese ports totalled 3.642 million wmt, 152,000 wmt higher than the previous week. The nickel ore shipment is at its peak season, but the Indonesian nickel ore quota issue has not been resolved. The inventory build-up was mainly contributed by low-grade ore.