As of March 1, port inventories of nickel ore in China stood at 7.426 million wmt, down 295,000 wmt from Feb 23. The total Ni content was 58,300 mt. The port inventory across seven major Chinese ports totaled 3.59 million wmt, 80,000 wmt lower than Feb 23. The rainy season has arrived, the peak shipping period passed, and nickel ore will be in a phase of reducing inventory this month.

![[SMM Nickel Morning Meeting Summary] The US Fed's interest rate decision was unveiled early Thursday morning, and the most-traded SHFE nickel contract plunged in the night session.](https://imgqn.smm.cn/usercenter/Btmsv20251217171733.jpg)
![[SMM Flash News] Nickel Industries Reports Record Quarterly Ore EBITDA, Seeks Higher 2026 RKAB Sales Quota](https://imgqn.smm.cn/usercenter/JjbtE20251217171732.jpeg)
