According to data released by the London Metal Exchange (LME), LME nickel inventories decreased first and then increased last week. On May 11, the inventories fell to a multi-year low of 39,252 mt. However, LME nickel inventories rose last Friday May 12 and stood at 39,294 mt as of May 15.
SHFE nickel inventory surged 55.78% from a week ago to 1,737 mt in week ending May 12, the highest since April 21. But the inventory is still at a historically low.
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