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Shanghai-bonded nickel stocks decline in open arbitrage window
The bonded stocks lost 3,000 mt, or 13.1% in the week to Jun 6 and came in at 19,900 mt
SHANGHAI, Jun 6 (SMM) – Inventories of refined nickel in the Shanghai bonded areas lost 3,000 mt, or 13.1% in the week to Thursday June 6 and came in at 19,900 mt, SMM data showed. This came after a rebound of 100 mt in the prior week.
An open arbitrage window drove bonded cargoes and seaborne arrivals to the domestic markets, and lowered inventories in bonded warehouses this week.
Inventory data
Nickel
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