SHANGHAI, Jan 10 (SMM) – Nickel ore inventories across all Chinese ports increased 160,000 wmt in the week ended January 10 to 14.23 million wmt, showed SMM data.
This equated to 121,600 mt in metal content, up 1,200 mt from a week ago.
For the same week, nickel ore stocks across seven major Chinese ports rose 140,000 wmt to 11.33 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)

