Last week, SMM refined nickel inventory in six major regions across China was 26,264 mt, a decrease of 513 mt WoW. During the week, as the market fluctuated downward, downstream restocking sentiment continued. Overall, the spot market saw a relatively warm trading atmosphere during the week. The slight drop in domestic inventory aligns with the current fundamentals.
Refined nickel social inventory continued the destocking trend last week
Last week, SMM refined nickel inventory in six major regions across China was 26,264 mt, a decrease of 513 mt WoW.
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