Nickel inventories in Shanghai bonded zone remained unchanged last week

SMM data shows nickel stocks in Shanghai bonded zone remained unchanged WoW last week, standing at 3,500 mt, including 1,700 mt of nickel briquette and 1,800 mt of nickel plate. The inventory stayed steady mainly because of reduced market activity before the Chinese New Year, along with import window closures and challenges in getting nickel plates from abroad. Stocks are likely to stay stable this week due to the holiday's impact.