SHANGHAI, Jan 3 (SMM) – Nickel ore inventories across all Chinese ports decreased 40,000 wmt in the week ended January 3 to 14.06 million wmt, showed SMM data.
This equated to 120,300 mt in metal content, down 400 mt from a week ago.
For the same week, nickel ore stocks across seven major Chinese ports dipped 10,000 wmt to 11.19 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)

