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Home / Metal News / Closed import window little changes nickel stocks in Shanghai-bonded areas

Closed import window little changes nickel stocks in Shanghai-bonded areas

Nov 30, 2018 17:06

Source:SMM

Stocks stood around 30,000 mt as of Friday Nov 30, SMM data showed

SHANGHAI, Nov 30 (SMM) – Nickel inventories in the Shanghai bonded areas changed little from a week earlier at around 30,000 mt as of Friday November 30, SMM data showed.

As import losses expanded this week, importers did not move cargoes from bonded warehouses to the domestic spot market. Few forward cargoes arrived at bonded warehouses this week, SMM learned.

The import arbitrage window remained closed for two weeks as of Friday November 30.

Inventory data

Nickel

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Closed import window little changes nickel stocks in Shanghai-bonded areas

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