Shanghai bonded nickel stocks unchanged amid import losses

SHANGHAI, Jul 24 (SMM) – Inventories of refined nickel in the Shanghai bonded areas were unchanged from a week ago at 17,300 mt as of Friday July 24, showed SMM data. 

That came after five consecutive weeks of increases. 

Trades remained muted this week as import losses were stable at about 3,000 yuan/mt with similar performance of nickel prices on the SHFE and LME.

There were a small number of nickel plates arriving at the port this week, which did not enter bonded warehouses and directly went through customs.