SMM data shows pure nickel stocks in Shanghai bonded zone fell from a week ago, standing at 3,100 mt, including 1,920 mt of nickel briquette and 1,180 mt of nickel plate. The significant reduction in inventory in the bonded zone was mainly due to some imported nickel plates not being competitive in the spot market. The mainstream spot prices were selling at a discount to the SHFE nickel. As a result, some traders chose to import deliverable nickel plates into China when the price was right and then deliver them to warehouses approved by the Shanghai Futures Exchange.
![[SMM Analysis] Faible demande d'achat externe en aval ; les prix des sels de nickel ont baissé cette semaine](https://imgqn.smm.cn/usercenter/KFwsY20251217171734.jpg)
![[SMM revue de midi sur le nickel] Les prix du nickel ont fortement rebondi le 3 septembre. Les données ADP sur l'emploi américain d'août ont été étonnamment faibles, refroidissant légèrement les paris sur une hausse des taux en septembre.](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)

