SMM

On July 19, nickel ore inventory across the national ports in China increased by 132,000 wmt WoW to 8.312 million wmt. The metal content was 65,270 mt. Last week, the weather conditions continued to hinder the loading and shipment rate of laterite nickel ore, with some progress but still at a slow pace. It is expected that the efficiency of nickel ore loading will improve after the rainfall decreases across the Philippines this week.