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.
》Check SMM Nickel Prices, Data, and Market Analysis
![[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)
