China's nickel ore reserves continue to fall

In seven major Chinese ports, nickel ore stocks dropped significantly during the week ending January 26, according to Shanghai Metals Market.

Nickel ore stocks fell 150,000 tonnes in a week, according to SMM.

Domestic nickel ore market trading in China has stalled with the 2017 New China Year holidays starting on Friday.

SMM expects nickel ore prices in the Chinese market to remain stable after returning from vacation.