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

Shanghai-bonded nickel stocks decline in open arbitrage window

iconJun 6, 2019 17:37
Source:SMM
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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news