Nickel stocks in Shanghai-bonded areas change little on week

SHANGHAI, Jan 25 (SMM) – Nickel inventories in the Shanghai bonded areas hardly changed from a week ago and stood at 28,200 mt as of Friday January 25, SMM data showed.

Low stocks across domestic markets and pre-holiday stockpiling drove cargoes in the bonded areas to domestic markets.

For the same week, stocks moved to bonded warehouses. A closed import arbitrage window and an anticipated pick-up in consumption after Chinese New Year prompted importers to move their forward arrivals to bonded warehouses.