SMM data shows pure nickel stocks in Shanghai bonded zone were unchanged WoW last week, standing at 3,500 mt, including 1,720 mt of nickel briquette and 1,780 mt of nickel plate. Domestic nickel plate sales have warmed up due to downstream stocking up. Additionally, continuous closure of import window further dampened prospects for importing pure nickel.
![[SMM Nickel Flash] Les prix du NPI à haute teneur baissent en Chine et augmentent en Indonésie alors que les aciéries ralentissent leurs achats.](https://imgqn.smm.cn/usercenter/yaAtG20251217171733.jpg)

![[Analyse SMM] Les anticipations de reprise de l’offre se renforcent, le sentiment du marché s’affaiblit et les prix sont sous pression.](https://imgqn.smm.cn/usercenter/LNpBh20251217171732.jpeg)
