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

Published: Aug 03, 2018 15:46 (GMT+8)

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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

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