The inventory data released by the London Metal Exchange (LME) on April 7 showed that nickel inventory increased by 1,908 mt or 0.95%, reaching 202,308 mt. The Kaohsiung warehouse experienced the largest change, with an increase of 2,040 mt.
Below is the distribution change of LME nickel inventory in major global warehouses: (unit: mt)


![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)

