SHANGHAI, Jan 25 (SMM) – Nickel ore inventories across all Chinese ports shrank 170,000 wmt from a week ago to stand at 12.74 million wmt as of Friday January 25, SMM data showed.
In metal content, stocks declined 1,500 mt for the same week and came in at some 106,000 mt.
Stocks across seven major Chinese ports decreased by 120,000 wmt to 10.18 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)

