Refined nickel social inventory continued the destocking trend last week

Published: Jul 29, 2024 17:20

Source: SMM

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Last week, SMM refined nickel inventory in six major regions across China was 26,264 mt, a decrease of 513 mt WoW.

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.

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