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Home / Metal News / Nickel stocks in Shanghai-bonded areas rally 2.9% on week

Nickel stocks in Shanghai-bonded areas rally 2.9% on week

Oct 26, 2018 18:49

Source:SMM

The inventories rebounded 1,000 mt, or 2.9% from last Friday to stand at 35,000 mt as of Oct 26

SHANGHAI, Oct 26 (SMM) – Nickel inventories in the Shanghai bonded areas rebounded 1,000 mt, or 2.9% from last Friday to stand at 35,000 mt as of October 26, SMM data showed.

With shipment periods of about a month, forward cargoes for October started to grow bonded area stocks on the week.

Only a small amount of materials moved from bonded areas to the domestic market, as the import arbitrage window closed last week, SMM learned.

Inventory data

Nickel

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Analysis

Nickel ore inventories at Chinese ports rose 55,000 wmt to 8.91 million wmt

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Nickel stocks in Shanghai-bonded areas rally 2.9% on week

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