SMM

On May 24, nickel ore stocks across the national ports in China increased by 220,000 wmt WoW to 7.538 million wmt. The metal content totalled 59,200 mt. Among them, the inventory at seven major ports was 3.901 million wmt. Last week, arrivals and shipments from the Philippines increased by over 15% WoW. Some domestic ports intended to reduce nickel ore inventory through price cuts.