Nickel stocks in Shanghai-bonded areas change little on week

Published: Jan 25, 2019 18:36

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Stocks stood at 28,200 mt as of Friday Jan 25

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.

Inventory data Nickel

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