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Shanghai bonded nickel stocks slightly higher on week

iconNov 29, 2019 15:02
Source:SMM
The import arbitrage window has kept closed since last week

SHANGHAI, Nov 29 (SMM) – Inventories of refined nickel in the Shanghai bonded areas stood at 16,700 mt as of November 29, rose slightly by 400 mt from a week ago, SMM data showed. The import arbitrage window has kept closed since last week

Among the total stocks, nickel briquettes accounted for 3,900 mt, flat from a week earlier. 

SMM expects the bonded inventories unlikely to build up significantly in the short term as sluggish domestic demand weighed on orders for overseas nickel cathode.

 

Inventory data
Nickel

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