Nickel stocks in Shanghai-bonded areas hold stable

Published: Jan 4, 2019 16:46

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Nickel inventories in the Shanghai bonded areas stood at 28,000 mt as of Friday Jan 4

SHANGHAI, Jan 4 (SMM) – Nickel inventories in the Shanghai bonded areas changed little from a week ago and stood at 28,000 mt as of Friday January 4, SMM data showed.

Limited cargoes left bonded warehouses to the domestic markets this week due to a closed import arbitrage window and weak demand ahead of the Chinese New Year.

A small amount of seaborne cargoes arrived this week and they directly entered domestic markets. Almost no cargoes entered the bonded area this week.

Inventory data Nickel

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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