And… the inventories continue their drop… This has just been released this morning for last weeks stockpiles
I wonder how long before it hits a critical level… I read somewhere that they need to blend the Philippines ore with the Indonesian ore, and when the Indonesian stuff runs out they will need to purchase from LME stockpiles.
.As well as that, at some point there won’t be any for sale as the stockpile includes purchased stock that is on owned by a smelter
Nickel Ore Stocks at China Five Major Ports Drop Another 271,000 Tonnes
Mar 15, 2015 15:51 GMT Source:SMM Tags: China nickel ore inventories
SHANGHAI, Mar. 15 (SMM) – Nickel ore inventories at the five major Chinese ports fell by 271,000 tonnes last week to 11.15 million tonnes, SMM's latest survey shows.
Although ore stocks at the Port of Lanshan continued growing, inventories at other ports either remained unchanged or declined due to a lack of new arrivals.
Nickel Ore Inventories at China’s Five Major Ports Unit: 1,000 tonnes
Source: SMM
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 0 Date Tianjin Rizhao Lanshan Lianyungang Jingtang Total1 2015/3/6 3680 980 1515 4150 1100 114252 2015/3/13 3680 970 1604 3800 1100 111543 Change 0 -10 89 -350 0 -271
Nickel Ore Stocks at China Five Major Ports Drop Another 271,000 Tonnes
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