SHANGHAI, Dec 28 (SMM) – Nickel inventories in the Shanghai bonded areas changed little from a week ago and stood at 28,000 mt as of Friday December 28, SMM data showed.
A closed import arbitrage window from last week prevented bonded cargoes from moving into domestic markets. Downstream buyers mostly ceased purchasing imports on year-end settlement.
Few forward cargoes were delivered directly to domestic markets without entering bonded warehouses, SMM learned.
