SHANGHAI, Aug 3 (SMM) – Nickel ore inventory across Chinese ports increased by 490,000 wmt from a week ago to 10.79 million wmt as of Friday August 3, SMM data showed.
In metal content, inventories grew about 4,000 mt on the week and stood at 90,000 mt.
Stocks across seven major Chinese ports rose by 280,000 wmt to 7.41 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)
