January 17 Nickel Ore Inventory [SMM Port Nickel Ore Inventory]

Published: Jan 17, 2025 17:02

Save

As of January 17, 2025, the nationwide port inventory of nickel ore continued destocking by 1.2 million wmt compared to January 3, 2025, reaching 8.276 million wmt. The total equivalent metal content was 64,990 mt in metal content. In the Philippines, although mines in the Philippines have resumed operations after the "Double Holiday" break, the rainy season remains in the main mining areas in the south, with poor weather conditions. Currently, there have been fewer offers from Philippine mines this week, and it is expected that subsequent port arrivals of Philippine nickel ore will see limited growth, with port inventory continuing to focus on destocking.

》View SMM Nickel Prices, Data, and Market Analysis
》Click to Access the SMM Nickel Industry Chain Database

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Sep 11, 2026 18:00

Domestic High-Grade NPI Costs Drop, but Profit Margins Squeeze Amid Falling Selling Prices

[SMM Nickel Flash] Domestic high-grade NPI production costs declined this week. Lower Philippine nickel ore prices, coupled with a pullback in coke prices, reduced smelting raw material costs. However, NPI selling prices fell significantly over the same period, dragging on profitability and narrowing profit margins for domestic smelters.

Sep 11, 2026 18:00

SMM 10-12% High-Grade NPI Price Drops to 1,095.5 Yuan/Unit, Indonesia NPI FOB Index Falls to $141.14/Unit

[SMM Nickel Flash] The average price of SMM 10-12% high-grade NPI fell by 17.7 yuan/nickel unit WoW to 1,095.5 yuan/nickel unit (ex-factory, tax included), while the average price of the Indonesia NPI FOB index dropped by $2.93/nickel unit WoW to $141.14/nickel unit. This week, the high-grade NPI market continued to weaken, with the price center moving steadily lower. Upstream and downstream price negotiations intensified, and the market entered a stalemate, consolidating at lows.

Sep 11, 2026 18:00

Sep 11, 2026 17:45

[SMM Analysis] High-Grade NPI Prices Decline as Supply Recovers and Market Activity Slows

The average price of SMM 10-12% high-grade NPI fell WoW by 17.7 yuan/nickel unit to 1,095.5 yuan/nickel unit (ex-factory, tax included), and the average price of the Indonesia NPI FOB index fell WoW by $2.93/nickel unit to $141.14/nickel unit. This week, the high-grade NPI market continued to weaken, with the price center shifting steadily lower. Price negotiations between upstream and downstream intensified, and the market entered a phase of stagnant consolidation at lows.

Sep 11, 2026 17:45