SHANGHAI, Jun 6 (SMM) – Inventories of refined nickel in the Shanghai bonded areas lost 3,000 mt, or 13.1% in the week to Thursday June 6 and came in at 19,900 mt, SMM data showed. This came after a rebound of 100 mt in the prior week.
An open arbitrage window drove bonded cargoes and seaborne arrivals to the domestic markets, and lowered inventories in bonded warehouses this week.
