SHANGHAI, Feb 10 (SMM) – Inventories of refined nickel in the Shanghai bonded areas increased 1,000 mt from a week ago and stood at 17,600 mt as of February 10, showed SMM data.
Nickel prices continued to strengthen on week, and the import loss narrowed to about 400 yuan/mt. However, foreign trade market was still tepid. In addition, about 1,000 mt of Russian nickel plates arrived at port and moved into the bonded warehouse, so stocks in the bonded area first increased in 2021.
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