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Home / Metal News / Shanghai-bonded nickel stocks rebound in open import arbitrage window

Shanghai-bonded nickel stocks rebound in open import arbitrage window

Apr 19, 2019 18:03

Source:SMM

Stocks gained 4% from a week ago to stand at 25,900 mt as of Apr 19

SHANGHAI, Apr 19 (SMM) – Inventories of refined nickel in the Shanghai bonded areas gained 1,000 mt, or 4%, from a week ago and stood at 25,900 mt as of Friday April 19, SMM data showed.

Shanghai bonded nickel stocks rebounded after two consecutive weeks of declines, as the open import arbitrage window triggered inflows.

Arbitrage opportunities emerged last week. Russian materials underwent customs declaration, with some entering the domestic markets and bonded areas.

Inventory data

Nickel

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Shanghai-bonded nickel stocks rebound in open import arbitrage window

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