Shanghai bonded refined nickel stocks rose 1,000 mt on week

SHANGHAI, Jun 25 (SMM) – Inventories of refined nickel in the Shanghai bonded areas increased 1,000 mt from a week ago and stood at 10,700 mt as of June 25, showed SMM data.

It was reported that more than 1,000 mt of nickel plates arrived in ports from LME warehouse last weekend, and some of the goods were moved into the bonded area. The domestic nickel plate premium was still at a high level this week, and the import window opened after SHFE nickel rose sharply on Wednesday. It is reported that the offer and inquiry of US dollar goods have obviously picked up, and it is expected that the supply of goods in the bonded area will continue to flow into China in the later period.