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Nickel plate inventory in Shanghai bonded areas shrinks first time since late May

iconJul 20, 2018 15:08
Source:SMM
Nickel plate stocks in Shanghai bonded warehouses decreased from a week ago on Friday

SHANGHAI, Jul 20 (SMM) – Nickel plate stocks in Shanghai bonded warehouses saw the first week-on-week drop on Friday July 20 since late May, SMM data showed.

The inventory came in at 58,500 mt as of Friday, down 2.1% from a week earlier.

Outflows of Norilsk materials into the domestic market were larger than last week as trading in bonded areas was brisk amid an improved arbitrage window.

Inflows of imported materials into the bonded areas held steady.

 

Inventory data
Nickel
Nickel plate

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