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Shanghai-bonded nickel stocks decline despite import losses

iconMay 24, 2019 17:46
Source:SMM
Stocks shrank 4.2% from a week ago to stand at 22,800 mt as of May 24

SHANGHAI, May 24 (SMM) – Inventories of refined nickel in the Shanghai bonded areas shrank 1,000 mt, or 4.2% in the week ended May 24 and came in at 22,800 mt, SMM data showed.

Despite import losses, bonded inventories declined as the losses were not significant enough to deter cargoes from entering the domestic market, where inventories stayed low.

Seaborne arrivals did not grow bonded stocks as they directly moved into the domestic market.

Inventory data
Nickel

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