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Home / Metal News / Arrivals grow nickel stocks in Shanghai bonded areas by 11.9% on week

Arrivals grow nickel stocks in Shanghai bonded areas by 11.9% on week

Aug 23, 2019 14:26

Source:SMM

Stocks gained 11.9% from a week ago to stand at 24,400 mt as of Aug 23

SHANGHAI, Aug 23 (SMM) – Inventories of refined nickel in the Shanghai bonded areas rose this week, as shipments under long-term supply agreements arrived.

SMM data showed that stocks gained 11.9%, or 2,600 mt from a week ago to stand at 24,400 mt as of Friday August 23. Briquettes accounted for 6,200 mt, up 24% or 1,200 mt from last Friday August 16.

Wide import losses, meanwhile, deterred cargoes from leaving bonded warehouses. SMM calculations showed that the losses on imported nickel averaged 7,000 yuan/mt this week.

Inventory data

Nickel

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