Nickel stocks in Shanghai-bonded areas climb 700 mt on week

SHANGHAI, Feb 22 (SMM) – Refined nickel inventories in the Shanghai bonded areas climbed 700 mt, or 2.4%, from Friday February 15 to stand at 30,400 mt as of Friday February 22, SMM data showed.

Despite the arrival of forward seaborne cargoes, refined nickel in bonded warehouses barely flowed to the domestic market this week as the import arbitrage window remained closed.