SMM refined nickel social inventory slightly dropped last week

Last week, SMM refined nickel inventory across six major regions totaled 40,219 mt, down 950 mt WoW. Nickel prices generally declined last week, with market transactions relatively active in the first half of the week, but turning sluggish afterward as enterprises completed stockpiling. Domestic refined nickel supply remained sufficient, premiums and discounts continued to decrease, and inventory saw a slight reduction.