LME nickel stocks fall to lowest in nearly 6 years_SMM

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Home / Metal News / Nickel / LME nickel stocks fall to lowest in nearly 6 years

LME nickel stocks fall to lowest in nearly 6 years

Mar 7,2019 10:45

CST

data analysis

Source:SMM

LME nickel inventories fell to a record low since Jul 19, 2013, as it declined to 196,410 mt as of Mar 5

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.

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