10
Jun
18:30
NICKEL: Tightening controls at Jingtang Port hit nickel ore
Ships from nine countries in South and Southeast Asia have been required to sail for at least 28 days before docking at Jingtang Port in northern China's Hebei. The list includes but is not limited to India, Myanmar, Indonesia, and the Philippines, the main nickel ore supplier for China.
According to the estimated waiting period of about 20 days outside of regular sailing and an additional daily cost of $20,000, the cost of nickel ore imported from Philippines…
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Anonymous
Very good overview of the weekly steel market.
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