Refined Nickel Social Inventory Slightly Dropped Last Week

Published: Nov 25, 2024 17:32

Source: SMM

Save

During the week, SMM refined nickel inventory at six major regions totaled 37,210 mt, down 213 mt WoW.

During the week, SMM refined nickel inventory at six major regions totaled 37,210 mt, down 213 mt WoW. Nickel prices were weak overall during the week, slightly boosting downstream purchasing activity. However, the overall destocking was limited, and the inventory buildup trend continued.

Market review

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

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

20 hours ago

[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.

Affected by macro sentiment, MHP and high-grade nickel matte prices declined this week.

20 hours ago

21 hours ago

[SMM Analysis] The market experienced panic selling this week, and nickel prices plummeted.

21 hours ago

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

21 hours ago