Refined nickel inventory in the bonded zone held flat last week

Published: Jul 15, 2024 15:15

Source: SMM

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According to the latest SMM survey, refined nickel inventory in the bonded zone was 6,500 mt last week, holding flat WoW.

According to the latest SMM survey, refined nickel inventory in the bonded zone was 6,500 mt last week, holding flat WoW. Nickel prices fell slightly last week. With the persisting price inversion between domestic and overseas markets, the export profit for nickel plates was still substantial. However, due to the significant decline in domestic nickel prices, the increase in exports was limited compared to the previous period.

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