China Nickel Ore Inventories Keep Growing, SMM Reports

Published: Sep 22, 2017 18:18
Nickel ore inventories at China’s ports kept growing this past week, Shanghai Metals Market reports.

SHANGHAI, Sept. 22 (SMM) – Nickel ore inventories at China’s ports kept growing this past week, Shanghai Metals Market reports. 

Nickel ore inventories at seven major Chinese ports were 7.10 million wet tonnes as of September 22, up 70,000 wet tonnes on a weekly basis, according to SMM data. 

SHFE Announces Trading Limits for Ni 1801 Contract

China’s total nickel ore port inventories were at around 9.26 million wet tonnes or 76,200 tonnes in Ni content, up 100,000 wet tonnes on a weekly basis.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.


 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Yunnan Energy to Invest in 25 MW Mugua Ping Wind Farm Project, Expected Completion in 10 Months
7 hours ago
Yunnan Energy to Invest in 25 MW Mugua Ping Wind Farm Project, Expected Completion in 10 Months
Read More
Yunnan Energy to Invest in 25 MW Mugua Ping Wind Farm Project, Expected Completion in 10 Months
Yunnan Energy to Invest in 25 MW Mugua Ping Wind Farm Project, Expected Completion in 10 Months
[Yunnan Energy Investment: Company Plans to Invest in the Mugua Ping Wind Farm Project] Yunnan Energy Investment announced that its controlling shareholder, Yunnan Energy Group, was the bid winner for the Fuyuan County Mugua Ping Wind Farm Project under Yunnan Province's third batch of new energy projects in 2025. In accordance with Yunnan Energy Group's overall strategy and the relevant requirements for the development and construction of Yunnan Province's third batch of new energy projects in 2025, the company will actively proceed with the construction of the Fuyuan County Mugua Ping Wind Farm Project. The project is expected to have a total installed capacity of 25 MW and a total construction period of 10 months.
7 hours ago
Indonesia MHP Nickel and Cobalt FOB Prices See Mixed Movements on June 16
7 hours ago
Indonesia MHP Nickel and Cobalt FOB Prices See Mixed Movements on June 16
Read More
Indonesia MHP Nickel and Cobalt FOB Prices See Mixed Movements on June 16
Indonesia MHP Nickel and Cobalt FOB Prices See Mixed Movements on June 16
According to SMM data, on June 16, the FOB price of Indonesia MHP nickel fell by $98/mt Ni from yesterday, and the FOB price of Indonesia MHP cobalt rose by $10/mt Co. The FOB price of Indonesia high-grade nickel matte fell by $99/mt Ni.
7 hours ago
[SMM Analysis] June Nickel Sulphate Market Analysis: Price Under Pressure from Rising Costs and Supply-Demand Mismatch
7 hours ago
[SMM Analysis] June Nickel Sulphate Market Analysis: Price Under Pressure from Rising Costs and Supply-Demand Mismatch
Read More
[SMM Analysis] June Nickel Sulphate Market Analysis: Price Under Pressure from Rising Costs and Supply-Demand Mismatch
[SMM Analysis] June Nickel Sulphate Market Analysis: Price Under Pressure from Rising Costs and Supply-Demand Mismatch
While upstream MHP payables stayed high, auxiliary material prices such as sulphur and sulphuric acid continued to climb, and downstream ternary production schedules remained at high levels, the performance of battery-grade nickel sulphate prices was not optimistic. SMM believes this was driven by multiple factors, including weakening cost support, front-loaded downstream stockpiling, increased import supplementation, and higher volumes of nickel sulphate converted from refined nickel.
7 hours ago
China Nickel Ore Inventories Keep Growing, SMM Reports - Shanghai Metals Market (SMM)