Pure Nickel Social Inventory Adds 161 mt WoW

SHANGHAI, Apr 24 (SMM) - According to SMM research, pure nickel inventory in six regions across China stood at 4,936 mt last week, up 161 mt from the previous Friday. The inventory of nickel briquettes was 720 mt, up 380 mt WoW, and that of nickel plates was 4,216 mt, down 220 mt WoW. Spot nickel prices continued to rise during the week, and downstream companies generally held a wait-and-see attitude. Besides, the import window remained closed. Therefore, the nickel plate stocks fell slightly. In terms of nickel briquettes, some salt factories still held some in-plant inventory. According to the SMM research, the salt factories have been active in shipping nickel briquettes recently, and the spots will probably flow into the market.