The nickel ore market remained broadly stable yesterday, though supply-demand tensions intensified. Chinese NPI smelters' nickel ore inventories continued to deplete, with stock levels declining. However, with ore prices still at elevated levels, producers showed no willingness to replenish inventories, resulting in low inquiry activity. In the Philippines, mine offers held firm. FOB quotes for 1.3% grade ore stood firm above US $52/wmt, with miners showing active selling sentiment. However, Chinese NPI smelters displayed low acceptance of high-priced ore, with actual transactions primarily directed toward Indonesia. Meanwhile, the rainy season in the Surigao mining area has not yet fully concluded, keeping available spot resources tight in the near term.SHFE nickel prices opened lower but rebounded yesterday, with the spot market performing steadily overall.