SMM

According to SMM research, refined nickel inventory in six regions across China stood at 16,217 mt, down 83 mt from November 24. In detail, the inventory of nickel plates remained unchanged, and that of nickel briquettes decreased by 83 mt WoW. The market bottomed out and rebounded. According to SMM research, domestic nickel plate transactions improved last week. However, downstream sentiment remains cautious due to subsequent price fluctuations, resulting in a limited reduction in social inventories last week. It is anticipated that social inventories will continue to decrease slightly this week.