SHANGHAI, Feb 1 (SMM) – Nickel ore inventories across all Chinese ports accumulated by 370,000 wmt from a week ago to stand at 13.11 million wmt as of Friday February 1, SMM data showed. This came after port stocks shrank 170,000 wmt a week earlier.
In metal content, stocks increased 3,400 mt this week and came in at 110,000 mt.
Stocks across seven major Chinese ports gained 300,000 wmt to 10.48 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)