On January 24, 2025, the inventory remained stable this week, with a total equivalent metal content of 64,990 mt in metal content. In the Philippines, the major mining areas in the southern Philippines are still in the rainy season, making shipments impossible. Currently, there are fewer offers from Philippine mines this week, and it is expected that subsequent port arrivals of Philippine nickel ore will see no significant increase, with port inventory still primarily undergoing destocking.
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![[SMM Análisis de mediodía del níquel] Los precios del níquel repuntaron significativamente el 3 de septiembre. Los datos de empleo ADP de EE. UU. de agosto resultaron sorprendentemente débiles, lo que enfrió ligeramente las apuestas sobre una subida de tipos en septiembre.](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)
![[SMM Análisis diario del sulfato de níquel] El 3 de septiembre, el mercado spot registró escasas operaciones y los precios del sulfato de níquel se mantuvieron estables](https://imgqn.smm.cn/usercenter/Btmsv20251217171733.jpg)
