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Refined nickel social inventory saw a slight decrease last week

iconJun 11, 2024 17:42
Source:SMM
Last week, refined nickel inventory in SMM six major regions was 38,283 mt, down 135 mt WoW.

Last week, refined nickel inventory in SMM six major regions was 38,283 mt, down 135 mt WoW. During the week, domestic nickel prices fluctuated downward, returning to the range of 140,000 yuan/mt, stimulating the downstream purchase sentiment. Therefore, the spot market trading atmosphere continued to warm up last week.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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