Decline in dominant inventory decline at home and abroad

At the end of 2017, the domestic import tariff on nickel plates will be raised to 2%, and domestic nickel imports will surge to more than 40,000 tons in December. Since the beginning of this year, LME's stock in the market has continued to drop sharply. According to the data tracking, the large amount of stocks LME has reduced is nickel beans, mainly used as raw materials for nickel sulfate production. In the past two weeks, the decline rate of LME slowed down, indicating that the stocking of nickel sulfate production enterprises was basically completed.