Nickel Inventory in Shanghai Bonded Zone Slightly Increased

Published: May 6, 2022 17:41

Source: SMM

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LME nickel was pulled back continuously this week. Due to the macro factors, SHFE nickel prices remained rangebound at high levels, and the price ratio was improved.

SHANGHAI, May 6 (SMM) - LME nickel was pulled back continuously this week. Due to the macro factors, SHFE nickel prices remained rangebound at high levels, and the price ratio was improved. Nickel inventory in Shanghai bonded zone was 8,800 mt this week, up 600 mt from last week. The inventory of nickel briquettes and nickel plates was 2,900 mt and 5,600 mt respectively. The increase in nickel plate inventory in the domestic bonded zone was contributed by the long-term orders signed by domestic enterprises that waiting for customs clearance.

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