SHANGHAI, Oct 26 (SMM) – Nickel inventories in the Shanghai bonded areas rebounded 1,000 mt, or 2.9% from last Friday to stand at 35,000 mt as of October 26, SMM data showed.
With shipment periods of about a month, forward cargoes for October started to grow bonded area stocks on the week.
Only a small amount of materials moved from bonded areas to the domestic market, as the import arbitrage window closed last week, SMM learned.
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