Refined nickel inventory in the bonded zone saw a significant increase last week

According to the latest SMM survey, refined nickel inventory in the bonded zone was 5,400 mt last week, an increase of 1,240 mt WoW. Nickel prices were relatively stable last week, with a slight rebound on Friday. With the persisting price inversion between domestic and overseas markets, the export profit for nickel plates was still substantial. As a result, exports increased, leading to an inventory increase in the bonded zone.