Nickel inventories in Shanghai bonded zone increased last week

Telah Terbit: Dec 4, 2023 13:39
Sumber: SMM
SMM data shows pure nickel stocks in Shanghai bonded zone increased by 100 mt WoW last week, standing at 4,400 mt, including 1,720 mt of nickel briquette and 2,680 mt of nickel plate.

SMM data shows pure nickel stocks in Shanghai bonded zone increased by 100 mt WoW last week, standing at 4,400 mt, including 1,720 mt of nickel briquette and 2,680 mt of nickel plate. The slight accumulation in the bonded zone is mainly due to the rebound in nickel prices last week. Domestic nickel plates, with a price advantage, continue to be traded in the domestic spot market. However, overseas nickel plates face lower cost-effectiveness compared to domestic ones, leading to moderate inventory buildup.

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