SHANGHAI, Jan 8 (SMM) — Nickel ore inventories across all Chinese ports decreased 153,000 wmt from December 31 to 9.14 million wmt as of January 8, showed SMM data.
In Ni content, the stocks fell 1,200 mt to 72,300 mt.
SMM data also showed that nickel ore stocks across seven major Chinese ports decreased 183,000 wmt during the same period to 7.12 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)
