Slight Drop in Refined Nickel Social Inventory Last Week

During the week, SMM refined nickel inventory in six major regions totaled 41,229 mt, down 872 mt WoW. In the first three days of the week, domestic refined nickel plate spot supply remained relatively tight, leading to slight destocking in domestic inventory to supplement spot supply. However, looking ahead, with significant easing in the tightness of domestic refined nickel supply, it is unlikely that substantial destocking will occur domestically.