Social Inventory of Pure Nickel Decreased Slightly last Week due to the Slack Spot Trading

SHANGHAI, Sep 13 (SMM) - Pure nickel inventory in six regions across China dropped 112 mt to 5,732 mt last week. The weekly inventory of nickel briquette fell 100 mt to 550 mt, and that of nickel plate stood at 5,182 mt, down 12 mt from a week earlier. The social inventory of pure nickel stayed almost unchanged last week, which was basically in line with expectations, because the spot transactions were poor amid the rising spot prices last week. The inventory of nickel briquette fell 100 mt, which was caused by the expected production resumption of steel mills in September and the rigid demand from the nickel sulphate producers.