SHANGHAI, Oct 30 (SMM) – Inventories of refined nickel in the Shanghai bonded areas remained unchanged from a week ago and stood at 23,300 mt as of October 30, showed SMM data.
No overseas cargoes were shipped to the port on week. The import window remained closed and foreign trades remained curbed. This also accounted for the stable situation in the nickel bonded stocks this week.

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

