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Nickel ore inventories at Chinese ports rose 110,000 wmt to 5.48 million wmt
Nickel ore inventories across all Chinese ports increased 110,000 wmt from April 30 to 5.48 million wmt as of May 7, showed SMM data.
Exclusive: China's refined tin output rose 7.41% on the month to 15,505 mt in April
China's refined tin output stood at 15,505 mt in April, up 7.41% on month.
MMi Daily Iron Ore Report for May 7th 2021
Iron ore stocks across 35 Chinese ports totaled 122.5 million mt as of May 7, down 1.66 million mt from a week ago and up 20.76 million mt from a year ago. Continued declines in port arrivals and pre-holiday stockpiling led to the decline in port inventories.
SHFE nonferrous metals closed mostly higher on Friday May 7. Copper rose 2.63%, aluminium surged 2.93%, zinc jumped 2.33%, nickel gained 1.2%, lead advanced 2.44%, and tin added 0.29%.
Silicon social inventories shrank 3,000 mt to 47,000 mt
Social inventories of silicon metal across Huangpu port, Kunming city and Tianjin port declined 3,000 mt from the previous week to 47,000 mt as of Friday May 7, SMM data showed. Stocks were unchanged at Huangpu and Tianjin port, but declined in Kunming.
SMM has more than 50 professional industry analysts in copper, aluminum, lead, zinc, nickel, tin and minor metals, and are committed to providing in-depth, professional, as well as timely reports and research.
Besides, over 80 steel professionals engaged in China's steel industry. They have been working on the weekly report China Steel Briefing, the monthly report China Steel PMI-Monthly, a survey of steel downstream.
