SHANGHAI, Nov 20 (SMM) — Nickel ore inventories across all Chinese ports decreased 244,000 wmt from November 13 to 8.81 million wmt as of November 20, showed SMM data.
In Ni content, the stocks fell 2,000 mt to 70,000 mt.
SMM data also showed that nickel ore stocks across seven major Chinese ports decreased 134,000 wmt during the same period to 6.57 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)

