Last week saw a significant increase in refined nickel inventory in the bonded zone

According to the latest SMM survey, refined nickel inventory in the bonded zone last week was 6,500 mt, an increase of 1,000 mt WoW. Nickel prices rose slightly last week. With the persisting price inversion between domestic and overseas markets, the export profit for nickel plates was still substantial. As a result, exports increased, leading to an inventory increase in the bonded zone.