According to SMM research, pure nickel inventory in six regions across China stood at 16,394 mt, down 1,877 mt from December 29. According to SMM research, with nickel prices continually dropping to current lows, downstream buyers are feeling more inclined to restock last week. Some downstream enterprises are stocking up for the Chinese New Year in advance.
Pure nickel social inventory across China’s six major regions decreased significantly thanks to downstream stocking
- Jan 08, 2024, at 11:54 am
- SMM
According to SMM research, pure nickel inventory in six regions across China stood at 16,394 mt, down 1,877 mt from December 29.
