Social Inventory Continued to Accumulate Last Week

During the week, SMM refined nickel inventory totaled 42,337 mt, up 920 mt WoW. The trend of continuous growth in domestic electrodeposited nickel supply remained unchanged.

During the week, domestic refined nickel plate spot supply tightened slightly, leading to a sharp rise in spot premiums. However, the slight tightening of refined nickel supply did not affect the domestic inventory buildup trend.