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As of May 12th, the nickel ore reserves in Chinese ports have decreased by 243000 tons. This number has decreased from 6.36 million tons a week ago to 6.36 million tons a week ago. The nickel ore reserves of seven major ports in China are 3.18 million tons, an increase of 133000 tons year-on-year. This number is lower than a week ago. Meanwhile, nickel ore prices have slightly increased this week as consumers resumed purchasing raw materials. It is estimated that despite the harsh weather in the Philippines, mines in the Philippines will gradually increase their spot ore shipments in May. Experts predict that the nickel ore inventory at the port will increase in the short term.
