SMM Refined Nickel Social Inventory Remains at a Low Level, with Continuous Inventory Depletion

During the week, SMM refined nickel inventory across six major regions totaled 39,855 mt, down 364 mt WoW. Nickel prices rose slightly during the week. As the futures market climbed last week, domestic spot premiums/discounts declined. However, overall market transactions were sluggish, with slight destocking.