The LME inventory in Asia continued to rise, but the low inventory in eurozone and the US sustained, and the spot supply was also tight. In the spot market, the consumption in Shanghai, Guangdong and Tianjin was sluggish.
Nickel yesterday settled down by 1.17% at 1523.2 as the global nickel market saw a small surplus of 5,000 tonnes in October compared with a shortfall of 3,100 tonnes a month earlier, data from the International Nickel Study Group (INSG) showed.