According to the latest SMM survey, refined nickel inventory in the bonded zone last week was 4,160 mt. Nickel prices continued to decline after rebounding last week, with the persisting price gap between domestic and overseas markets, making nickel plate imports still difficult. Therefore, stocks in the bonded zone held flat WoW and are expected to fall this week.
![[SMM Analysis] Discounts Officially Emerge: RKAB Quota Increases and Delayed Rainy Season Push Indonesian Laterite Nickel Ore Prices Below HPM](https://imgqn.smm.cn/usercenter/Btmsv20251217171733.jpg)
![[SMM Analysis] Negative Premium Arrives: RKAB Release and a Delayed Rainy Season Push Indonesian Saprolite Below HPM](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)

