Last week, SMM refined nickel inventory in six major regions across China was 26,264 mt, a decrease of 513 mt WoW. During the week, as the market fluctuated downward, downstream restocking sentiment continued. Overall, the spot market saw a relatively warm trading atmosphere during the week. The slight drop in domestic inventory aligns with the current fundamentals.
![[SMM Tinjauan Tengah Hari Nikel] Harga nikel rebound signifikan pada 3 September. Data ketenagakerjaan ADP AS Agustus dirilis mengejutkan lemah, sedikit meredakan ekspektasi kenaikan suku bunga pada September.](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)

![[SMM Tinjauan Harian Nikel Sulfat] Perdagangan Pasar Spot Lesu pada 3 September, Harga Nikel Sulfat Stabil](https://imgqn.smm.cn/usercenter/Btmsv20251217171733.jpg)
