SHANGHAI, Dec 6 (SMM) – Inventories of refined nickel in the Shanghai bonded areas rose 400 mt from a week ago to 17,100 mt as of December 6, showed SMM data.
Briquettes accounted for 4,350 mt, 450 mt higher than a week earlier.
Trades of imported nickel remained muted as consumers or traders showed little buying interest in a closed import arbitrage window.
Shanghai bonded nickel stocks are unlikely to increase significantly in the near term, given the closed import arbitrage window during the past month and limited refined nickel imports in recent months.
