LME data showed that the nickel inventory remained rangebound last week. On December 22, LME nickel inventory rose to a three-and-a-half-month high of 54,444 mt, and then the inventory dropped. The latest inventory stood at 54,300 mt.
According to the data released by SHFE, the nickel inventory fell last week, which has declined for three consecutive weeks. The inventory dipped 23.35% to 2,459 mt last week, falling to a four-and-a-half-month low.
