Pure Nickel Stocks In Shanghai Bonded Zone Decline

SMM data shows pure nickel stocks in Shanghai bonded zone fell 500 mt from a week ago to 4,900 mt as of July 14, including 1,970 mt of nickel briquette and 2,930 mt of nickel plate. Previously arrived imported nickel has basically been digested by downstream buyers. A small amount of imported nickel plate flowed from bonded zone into domestic spot market this week.

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