China to Run out of Nickel Ore Port Inventories April 2015, SMM Estimates
SHANGHAI, Oct. 28 (SMM) – China is expected to use up nickel ore inventories by April 2015, Shanghai Metals Market foresees. Nickel ore inventories at China’s five major ports, namely Tianjin, Rizhao, Lanshan, Lianyungang and Jingtang, which combines to account for 70% in the country’s total port stocks, have been falling as a whole. As of Oct. 10, stocks at the five major ports were 15.27 million tonnes, down 3. 12 million tonnes or a drop of 17% from last year’s end, according to SMM data.