SHANGHAI, Jan 29 (SMM) — Nickel ore inventories across all Chinese ports decreased 520,000 wmt from January 22 to 8.09 million wmt as of January 29, showed SMM data.
In Ni content, the stocks fell 4,200 mt to 63,800 mt.
SMM data also showed that nickel ore stocks across seven major Chinese ports decreased 400,000 wmt during the same period to 6.37 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)

