Refined nickel social inventory in China’s six major regions increased last week

According to SMM research, refined nickel inventory in six regions across China stood at 17,695 mt, up 298 mt from December 8. In detail, the inventory of nickel briquettes remained unchanged, and that of nickel plates increased by 298 mt WoW. According to SMM research, domestic nickel plate transactions improved last week. Due to a smaller-than-expected reduction in nickel plate production, the supply of pure nickel still exceeds demand. It is anticipated that nickel plates will continue to accumulate in inventory this week.