Shanghai-bonded nickel stocks decline in open arbitrage window

Published: Jun 6, 2019 17:37
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. 

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Shanghai-bonded nickel stocks decline in open arbitrage window - Shanghai Metals Market (SMM)