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Social inventory of refined nickel saw a significant accumulation

  • May 27, 2024, at 5:30 pm
  • SMM
Last week, refined nickel inventory in SMM six regions reached 38,697 mt, an increase of 2,812 mt WoW.

Last week, refined nickel inventory in SMM six regions reached 38,697 mt, an increase of 2,812 mt WoW. Among them, nickel plate stocks accumulated 2,712 mt and nickel briquette stocks up 100 mt. Nickel prices remained at a high level since 2023 Q4, leaving downstream procurement sentiments low and transactions poor last week.

  • Industry
  • Nickel
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