Nickel inventory in Shanghai bonded areas down 10% on the week

Published: Sep 21, 2018 15:44

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Stocks in Shanghai bonded warehouses fell 10%, or 4,500 mt from a week ago to 40,500 mt as of Friday Sep 21

SHANGHAI, Sep 21 (SMM) – Nickel stocks in Shanghai bonded warehouses fell 10%, or 4,500 mt from a week ago to 40,500 mt as of Friday September 21, 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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