Nickel Ore Inventories at Chinese Ports Rose 586,000 wmt on Week

SHANGHAI, Sep 10 (SMM) – Nickel ore inventory at Chinese ports grew 586,000 wmt from a week earlier as of Friday September 10. Total inventory at seven major ports stood at 3.3 million wmt, an increase of 266,000 wmt from a week earlier. Total Ni content stood at 50,800 mt, an increase of 4,600 mt from last Friday.

Southern ports saw concentrated shipments arrivals this week. Offloading which was restricted previously due to the impact of the pandemic has recovered.

Two typhoons made landfall in the Philippines, which moved from the Philippines to the sea areas of south China. This is likely to affect the subsequent delivery and unloading process. The short-term accumulation of nickel ore inventory will be limited.