Nickel stocks in Shanghai-bonded areas change little on week

Published: Dec 28, 2018 18:50

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Stocks stood at 28,000 mt as of Friday Dec 28

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.

Inventory data Nickel

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