SMM

On September 27, nickel ore inventory at ports nationwide slightly increased by 60,000 wmt to 9.472 million wmt compared to September 20. The total metal content was 74,370 mt. In the Philippines, two consecutive weeks of rainfall significantly affected the recent shipping efficiency of Philippine laterite nickel ore. Additionally, increased shipping demand from other directions during the week led to fluctuations in ocean freight rates for Philippine laterite nickel ore.