On April 26, nickel ore inventories at ports in China were 6.925 million wmt, up 30,000 wmt WoW. The metal content stood at 54,400 mt. Specifically, inventory in China’s seven major ports was 3.288 million wmt. Although the domestic downstream adopted a wait-and-see attitude in purchases, port arrivals slightly recovered due to shipments from the Philippines. The port arrivals are estimated to continue to recover amid stable transactions with the Philippines.
![[SMM 분석] 하류 외부 구매 수요 약세, 니켈염 가격 이번 주 하락](https://imgqn.smm.cn/usercenter/KFwsY20251217171734.jpg)
![[SMM 니켈 중간 리뷰] 니켈 가격은 9월 3일 크게 반등했다. 미국 8월 ADP 고용 데이터가 예상 밖으로 약세를 보이며 9월 금리 인상 가능성에 대한 기대가 다소 낮아졌다.](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)

