SHANGHAI, Sep 18 (SMM) — Nickel ore inventories across all Chinese ports increased 43,000 wmt from September 11 to 8.95 million wmt as of September 18, showed SMM data.
In Ni content, the stocks rose 300 mt to 71,700 mt.
SMM data also showed that nickel ore stocks across seven major Chinese ports increased 167,000 wmt during the same period to 6.52 million wmt.

![[SMM Analysis] Weak Demand and Rising Substitution Advantage Push High-Grade NPI Price Center Downward](https://imgqn.smm.cn/usercenter/KFwsY20251217171734.jpg)
![[SMM Nickel Flash] Indonesia Approves Revised 2026 RKAB Nickel Ore Production Quota of Approximately 290 Million Tonnes](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)
