SHANGHAI, May 21 (SMM) – Inventories of refined nickel in the Shanghai bonded areas remained unchanged from a week ago and stood at 8,700 mt as of May 21, showed SMM data.
The import window continued to be in a state of loss this week, and the tradable goods in the bonded area were limited. The sluggish trading accounted for the stable situation in the nickel bonded stocks this week.

![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)

