Nickel Inventories in Domestic Bonded Zone Dip 700 mt from October 21

SHANGHAI, Oct 28 (SMM) - SMM research showed that the bonded zone inventory of nickel dropped by 700 mt to 3,900 mt this week. The inventory of nickel briquette was 1,050 mt, and that of nickel plate stood at 2,850 mt. Although imports of spot pure nickel suffered losses this week, a few nickel briquettes that were locked in the price ratio still cleared customs due to factors such as the rigid demand from nickel sulphate producers. The clearance volume of nickel plates was low as the civil alloy and stainless steel industries entered the off-season.