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LME nickel stocks fall to lowest in nearly 6 years
SHANGHAI, Mar 7 (SMM) – Nickel inventories across LME-registered warehouses fell to a record low since July 19, 2013, after it declined for 10 consecutive days to 196,410 mt as of Tuesday March 5.
Data from the Shanghai Futures Exchange showed that nickel stocks across SHFE-registered warehouses shrank to 11,005 mt as of Friday March 1, the lowest since June 5, 2015. This marked the eighth consecutive week of decline.
LME nickel stocks fall to lowest in nearly 6 years
SHANGHAI, Mar 7 (SMM) – Nickel inventories across LME-registered warehouses fell to a record low since July 19, 2013, after it declined for 10 consecutive days to 196,410 mt as of Tuesday March 5.
Data from the Shanghai Futures Exchange showed that nickel stocks across SHFE-registered warehouses shrank to 11,005 mt as of Friday March 1, the lowest since June 5, 2015. This marked the eighth consecutive week of decline.
