Open Import Window Drove Continued Inflows of Pure Nickel from Bonded Zone

SHANGHAI, Aug 27 (SMM) – The import window opened as the SHFE/LME nickel price ratio improved amid stronger domestic demand and this drove continued inflows of nickel plate and nickel briquette from bonded zone inventories.   

Nickel prices fell from high levels this week, incentivising downstream purchasing. In this scenario, domestic nickel plate inventories continued to decline.   

Planned arriving shipments of nickel plate next week stand at over 1,000 mt. Arrivals of some nickel plate shipments have been delayed.