SHANGHAI, Oct 23 (SMM) — Nickel ore inventories across all Chinese ports decreased 25,000 wmt from October 16 to 9.39 million wmt as of October 23, showed SMM data.
In Ni content, the stocks fell 200 mt to 74,900 mt.
SMM data also showed that nickel ore stocks across seven major Chinese ports increased 85,000 wmt during the same period to 7.12 million wmt.

![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)

