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Home / Metal News / Shanghai bonded refined nickel stocks flat from pre-Friday

Shanghai bonded refined nickel stocks flat from pre-Friday

Aug 7, 2020 17:31

Source:SMM

Inventories of refined nickel in the Shanghai bonded areas remained unchanged from a week ago of 18,300 mt including 16,600 mt nickel plate as of July 31, showed SMM data.

SHANGHAI, Aug 7 (SMM) — Inventories of refined nickel in the Shanghai bonded areas remained unchanged from a week ago of 18,300 mt including 16,600 mt nickel plate as of July 31, showed SMM data.

The profit and loss of refined nickel imports remained at around -2000 yuan/mt. Although the import price ratio fell temporarily this Wednesday, it was still difficult to import nickel plates. At the same time, the willingness of holders to ship goods increased and the US dollar premiums fell to around USD120/ton. The foreign refined nickel trade market has entered a low season. The arrival of forward cargoes accounted for the increase in the nickel bonded stocks this week.

Inventory data

Nickel

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