China Nickel Ore Inventories Return to Growth, SMM Reports

SHANGHAI, Jul. 3 (SMM) – Nickel ore inventories at seven major Chinese ports grew in the week ending June 30, Shanghai Metals Market data showed.

New High-grade Nickel Ore Shipments Expected in July from Philippines

Inventories at the seven ports were up 330,000 tonnes last week, according to SMM data.

Last week, medium and high-grade nickel ore price, both for spot and futures delivery, grew significantly along with rising prices of both LME nickel and high-grade NPI, and higher sea freight changes as well.

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