Shanghai bonded nickel stocks extended decline amid open import arbitrage window

Published: Nov 15, 2019 16:35

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The import arbitrage window kept open for nearly half a month

SHANGHAI, Nov 15 (SMM) – Inventories of refined nickel in the Shanghai bonded areas continued to fall this week, amid outflows to domestic markets as the import arbitrage window kept open for nearly half a month.

SMM data showed that Shanghai bonded nickel stocks shrank 2,200 mt, or 12% from a week ago to 16,300 mt as of November 15.

Briquettes accounted for 4,600 mt, down 2,000 mt from a week earlier.

Inventory data Nickel

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