Nickel inventory in Shanghai bonded areas down 13.5% on the week

Published: Sep 14, 2018 14:58

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Nickel stocks in Shanghai bonded warehouses fell 13.5%, or 7,000 mt from a week ago to 45,000 mt as of Friday Sep 14

SHANGHAI, Sep 14 (SMM) – Nickel stocks in Shanghai bonded warehouses fell 13.5%, or 7,000 mt from a week ago to 45,000 mt as of Friday September 14, SMM data showed. The amount that moved from bonded areas to the domestic market exceeded new arrivals from overseas, and this accounted for the decline.

More Norilsk nickel moved from bonded areas to the domestic market after the import arbitrage window opened last week. Limited forward cargoes are expected to arrive in September.

Inventory data Nickel

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