SMM

On November 8, the national port inventory of nickel ore decreased slightly by 106,000 wmt to 10.376 million wmt compared to November 1. The total metal content was 81,450 mt. The number of arriving ships from the Philippines continued to decline last week, with over 20 ships departing. There is still low pressure near some mining areas. Although there are still new shipments scheduled from the Philippines in November, the subsequent interference from low pressure suggests a continued slowdown in nickel ore shipments.