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Nickel inventory in Shanghai bonded areas up 6% on the week

iconAug 3, 2018 15:46
Source:SMM
Nickel stocks in Shanghai bonded warehouses grew 6% from a week ago to 61,000 mt as of Friday Aug 3

SHANGHAI, Aug 3 (SMM) – Nickel stocks in Shanghai bonded warehouses grew 6% from a week ago to 61,000 mt as of Friday August 3, SMM data showed.

Arrivals of cargoes for previously signed forward contracts accounted for the increase.

A closed import arbitrage window earlier this week also hindered some materials from flowing out of the bonded areas to the domestic market.

Inventory data
Nickel
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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