Nickel Inventories In Shanghai Bonded Zone Fell

SHANGHAI, Sep 4 (SMM) – SMM data shows pure nickel stocks in Shanghai bonded zone fell from a week ago, standing at 5,900 mt as of September 1, including 1,970 mt of nickel briquette and 3,930 mt of nickel plate. It’s primarily because some imported nickel was cleared through customs last week after locking in SHFE/LME nickel price ratio in advance. It is expected that the bonded zone inventory will increase slightly this week, mainly due to the expected arrival of overseas nickel plates.