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.
