Arrivals extend increases in Shanghai-bonded nickel stocks on week

Published: Aug 30, 2019 14:18 (GMT+8)

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Expanded import losses of 8,600 yuan/mt kept the bonded stocks from entering the domestic market

SHANGHAI, Aug 30 (SMM) – Inventories of refined nickel in the Shanghai bonded areas continued to grow this week on arrivals of forward cargoes. Expanded import losses of 8,600 yuan/mt kept the bonded stocks from entering the domestic market.

SMM data showed that stocks gained 8.2%, or 2,000 mt from a week ago to stand at 26,400 mt as of Friday August 30. Briquettes accounted for 6,700 mt, up 8% or 500 mt on the week.

Inventory data Nickel

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