Last week, SMM refined nickel inventory in six major regions across China was 26,264 mt, a decrease of 513 mt WoW. During the week, as the market fluctuated downward, downstream restocking sentiment continued. Overall, the spot market saw a relatively warm trading atmosphere during the week. The slight drop in domestic inventory aligns with the current fundamentals.
![[SMM Nickel Midday Review] Nickel prices rebounded significantly on September 3. US August ADP employment data came in surprisingly weak, slightly cooling bets on a September rate hike.](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)

![[SMM Điểm tin hàng ngày Niken Sunfat] Giao dịch thị trường giao ngay ảm đạm vào ngày 3 tháng 9, giá Niken Sunfat ổn định](https://imgqn.smm.cn/usercenter/Btmsv20251217171733.jpg)
