On January 24, 2025, the inventory remained stable this week, with a total equivalent metal content of 64,990 mt in metal content. In the Philippines, the major mining areas in the southern Philippines are still in the rainy season, making shipments impossible. Currently, there are fewer offers from Philippine mines this week, and it is expected that subsequent port arrivals of Philippine nickel ore will see no significant increase, with port inventory still primarily undergoing destocking.
》Check SMM Nickel Prices, Data, and Market Analysis
![[SMM Analysis] Demanda de compra externa downstream fraca; preços do sal de níquel caíram esta semana](https://imgqn.smm.cn/usercenter/KFwsY20251217171734.jpg)
![[SMM Análise do Meio-Dia do Níquel] Os preços do níquel tiveram uma recuperação significativa em 3 de setembro. Os dados de emprego ADP dos EUA em agosto vieram surpreendentemente fracos, esfriando levemente as apostas em um aumento de juros em setembro.](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)
