SHANGHAI, Jul 16 (SMM) — Nickel ore inventories across all Chinese ports decreased 172,000 wmt from July 9 to 5.34 million wmt as of July 16, showed SMM data.
In Ni content, the stocks stood at 42,100 mt.
SMM data also showed that nickel ore stocks across seven major Chinese ports decreased 164,000 wmt during the same period to 3.41 million wmt.
Stocks in Lanshan Port declined sharply this week, the port concentrated on picking up goods, and the ferronickel production remained high. It is difficult for nickel ore stocks to increase significantly in the near future.
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