Pure nickel social inventory decreased slightly last week

According to SMM research, pure nickel inventory in six regions across China stood at 13,746 mt, down 630 mt from November 10. In detail, the inventory of nickel briquettes increased by 70 mt WoW, and that of nickel plates was 13,526 mt, down 630 mt. The market fluctuated at low levels. Despite the low market situation, spot premiums remained relatively low. Due to slow downstream demand recovery, there were rare transactions last week, and pure nickel social inventory saw a slight decrease.